A) Bank
B) City
C) Branch
D) Validity
E) None of these
Correct Answer: B
Solution :
[b] MICR stands for Magnetic Ink Character Recognition. MICR Code is a numeric code which uniquely identifies a bank branch participating in the ECS Credit scheme. MICR code consists of 9 digits e.g. 400229128: First 3 digits represent the city (400229128), Next 3 digits represent the bank (400229128), and Last3 digits represent the branch (400229128).
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