What is a mirc number code#

What is a mirc number code#

In the U.S., banks and financial institutions use a specific nine-digit numerical code to process checks and clear funds. One of the most notable benefits of the MICR line is its ability to facilitate the use of routing numbers. The accreditation criterion focuses on page description language (PDL), magnetic toner, the print engine, the CMC-7 or E-13B fonts, and the operating system. If the MICR is not acceptable, the vast number of documents with MICR encoding can lead to serious financial security breakdown. It is necessary because of the large volume of MICR printers in the market. Some of the financial documents that are printed using the MICR line include coupons, credit card invoices, and direct email.Īn accreditation system is used to protect the efficiency of the clearing system. For example, MICR technology is also used to print numerous financial documents in the U.S. The use of magnetic ink character technology has other uses and is not limited to printing information on checks. Both inks can help computers recognize forged and counterfeit checks by failing to respond to the magnetic field. The former is commonly used in parts of South America and Europe, while the latter is mostly used in North America, the U.K, and Australia. The MICR fonts are either CMC-7 or E-13B, which are used globally.

Specific computers can read and internalize the characters with magnetic ink even if they are covered with marks, such as bank stamps, signatures, or cancellation marks.īanks usually use MICR line numbers to minimize exposure to check fraud by sending them to the central processing system at the close of a business day. The line contains a clear band – usually less than an inch deep and positioned along the bottom of a document. Magnetic ink or toner is used to print the MICR line on a check. The MICR line is grouped in a specific order from right to left into six filed lines that include the amount, transaction code, domestic or account number, bank state branch (BSB) code, auxiliary domestic, and extra auxiliary domestic. The MICR number provides the means of converting the image of documents into a digitized format that allows computers to process and store the account number, routing number, check number, and numbers found in other financial documents. The American National Standards Institute later adopted the MICR line as the standard industry tool for proofing. It was established in the late 1950s by the American Bankers Association. How the Magnetic Ink Character Recognition Line Worksīanks and financial institutions use MICR technology to facilitate the processing of checks.

The main advantage of the MICR line is that it facilitates the use of routing numbers, as well as detecting and preventing fraud.

Magnetic ink character recognition uses magnetic ink or toner contained in a clear band to draw a set of digital numbers.The Magnetic Ink Character Recognition (MICR) line is a set of digital numbers that represent the bank routing number, account number, and check number.Find Magnetic Ink Character Recognition of all Axis Bank branches. Axis Bank State wise listĪxis Bank has branches in the following state(s) - Andaman And Nicobar, Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Chandigarh, Chhattisgarh, Dadra And Nagar Haveli, Daman And Diu, Delhi, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu And Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, New Delhi, Odisha, Orissa, Pondicherry, Punjab, Rajasthan, Sikkim, Tamil Nadu, Telangana, Tripura, Uttar Pradesh, Uttarakhand, Uttaranchal and West Bengal. Find all branch specific codes at branch details page. Most of these branches has MICR Code number. Axis Bank has many NEFT supported branches. MICR Code is used for processing cheques easily. It is a nine digit code, usually printed on cheque leaves. MICR (Magnetic Ink Character Recognition) code contains numerical values only.