Have you noticed a MICR number printed on a cheque and wondered what it means? Many people ask what a MICR number is, how it works in banking, and why it’s important for processing cheques quickly and accurately.
A MICR number is a 9-digit code printed on bank cheques that helps identify the bank, branch, and cheque, enabling faster and more accurate electronic clearing.
A MICR number (Magnetic Ink Character Recognition) is a code printed at the bottom of checks. It identifies the bank branch and routing details, helping banks process checks quickly and accurately.
A MICR number (Magnetic Ink Character Recognition) is a 9-digit code printed on cheques that helps banks identify the bank, branch, and location for faster and more secure cheque processing.
