What is HDFC MICR number?
MICR, expanded as Magnetic Ink Character Recognition Code, is usually printed on the bottom half of the cheque leaf. This is used to clear cheques in a more fast and error-free manner. Apart from this, both the keys are printed on the cheque leaf that is issued by the bank.
Is MICR code unique for a branch?
A MICR code is a 9-digit code in which the first three characters represent the city code, the next three represent the bank code, and the last three represent the bank’s branch code. Is the MICR code unique? Yes, every bank has its own unique MICR code.
Can MICR code be same for two branches?
This code is mandatory for fund transfers from one bank account to another. Every bank branch will have a unique code and no two branches (even of the same bank) will ever be the same. In an IFSC code, the first 4 digits of the IFSC represent the bank and last 6 characters represent the branch.
What is HDFC Bank Identification code?
HDFCINBBXXX
The SWIFT/BIC code for HDFC BANK LIMITED is HDFCINBBXXX.
Which one is MICR code on cheque?
This is a 9 digit code to identify the location of the bank branch. The MICR Code is a numeric code that uniquely identifies a bank-branch participating in the ECS Credit scheme. The MICR Code allotted to a bank branch is printed on the MICR cheques issued by bank branches.
Is MICR code required for Neft?
IFSC codes and MICR codes are important for making transactions from any part of the country to another through NEFT, IMPS, and RTGS.
Is MICR code same for all accounts?
Magnetic ink character recognition code (MICR) is a technology that enables faster processing of cheques by recognizing unique characters printed on the cheque. MICR consists of a 9 digit code….Difference between IFSC and MICR code.
| IFSC Code | MICR Code |
|---|---|
| IFSC is an 11 character alphanumeric code. | MICR is a 9-digit code. |