One-Minute Guide | MICR codeI am used by banks to facilitate processing. Unlike when a cheque is manually cleared, which involves the possibility of human error, my code is read by a character ...

This is regarding IFSC-MICR Code. Punjab National Bank has announced that it has changed the old IFSC-MICR Code and these will stop working from March 31, 2021. If you have a cheque book or plan to ...

This bank's IFSC, MICR codes to change after February 28. Check details Customers will be required to use the new DBS IFSC code from March 1, 2022 to receive funds through NEFT/RTGS/IMPS, said a ...

The Secure QR code is smartphone or machine readable and the information inside can be cross-checked with the MICR information to validate the cheque and identify the fraudulent ones.

We give you a lowdown on the changes. 1. The IFSC and MICR codes, predictably are a must on every cheque leaflet. 2.

Customers can continue to use cheque books issued by erstwhile Syndicate Bank branches and their IFSC or MICR codes till June 30.

“All existing cheques issued to the third party will have to be replaced with new cheques before February 28, 2022,” the bank further said, adding that any cheque with old MICR codes presented ...