Sometimes we read in news paper about how a bank identified fake demand drafts (DD), and alerted the police. In this case the bar codes in the fake DDs lacked magnetic ink and were not readable on the ...
My name is magnetic ink character recognition (MICR) code. I get my name from a special type of ink which is made of magnetic material. I am a nine-digit number printed on a cheque or a demand draft.
The Reserve Bank has made it mandatory for all banks to print the MICR and IFSE code on the passbook and statement of account of the customers. The Reserve Bank has made it mandatory for all banks to ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results