Thursday, April 7, 2016

IFSC and MICR Code of Banks

    Ø IFSCIndian Financial System Code
         
         11 Digit Code
     For Example - ICIC0123456
     ICIC→ first four→ Bank code
     0→Zero, Reserve Character
     Last six→ bank branch


Ø MICR-Magnetic Inc. Character Recognition
        
         09 digit code
     Eg.400229128
    400-City Code
    229-Bank Code
    128-Bank branch Code

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