A) Branch
B) Bank
C) Instrument type
D) City
E) State
Correct Answer: D
Solution :
[d] MICR stands for Magnetic Ink Character Recognition a code that is used to identify the location of the bank branch. The MJCR code consists of 9 Characters:| First 3 characters represent the city |
| Next 3 characters represent the bank |
| Last 3 character denotes the branch identity |
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