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   What is the difference between IFSC code and MICR code?

   • A typical IFSC code is as : HDFC0000351 wherein the first 4 alphabets serve to identify the bank and the last digits its branch which in this case refers to the branch. So, the difference essentially is that IFSC Code is used when remitting money through NEFT and RTGS. On the other hand MICR code is used only on cheque leaves.

   Difference between IFSC and MICR code - Goodreturns

   www.goodreturns.in/classroom/2014/12/difference-between-ifsc-micr-code-326368.html

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   What is MICR IFSC code?

   • MICR is a 9 digit unique code that identifies bank and bank branches in the ECS for the transfer of funds via cheque. Indian Financial System Code (or more commonly known as IFSC code) is an 11-digit alpha-numeric code used to uniquely identify bank branches within the National Electronic Funds Transfer (NEFT) network by central bank. What is IFSC?

   All you need to know about IFSC and MICR code - The Economic Times

   economictimes.indiatimes.com/wealth/save/all-you-need-to-know-about-ifsc-and-micr/articleshow/58678846.cms

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   How do I know if my bank account has IFSC & MICR codes?

   • Verify the IFSC and MICR codes by checking the chequebook or the bank's website for the branch name and address. This ensures that you have the correct codes for your savings account. If you're still uncertain, contact your bank's customer service department for assistance. They can provide you with your account's appropriate IFSC and MICR codes.

   What is IFSC Code & MICR Code? About Bank Branch Codes

   www.kotak.com/en/stories-in-focus/accounts-deposits/savings-account/what-is-ifsc-code-and-micr-code.html

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   Is IFSC the same as branch code?

   • No, the IFSC? If you’re also someone who gets confused as to what is branch code and believes that it is the same as IFSC code. The answer is NO. The IFSC code is a unique alphanumeric code assigned to each bank branch, while the branch code is a numerical code assigned to a bank branch for identification purposes.

   What is IFSC Code & MICR Code? About Bank Branch Codes

   www.kotak.com/en/stories-in-focus/accounts-deposits/savings-account/what-is-ifsc-code-and-micr-code.html

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2. www.bankbazaar.com › ifsc › difference-branch-codeDifference Between Branch Code, IFSC and MICR Code

   www.bankbazaar.com › ifsc › difference-branch-code

   Indian Financial System Code or IFSC is used for fund transfers while Magnetic Ink Recognition (MICR) is used to process and clear cheques. On the other hand, branch code is simply used to identify a particular branch and this code can be found both in the IFSC and the MICR code.

3. economictimes.indiatimes.com › wealth › saveIFSC code: All you need to know about IFSC and MICR code ...

   economictimes.indiatimes.com › wealth › save

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   May 15, 2017 · Synopsis. IFSC is an 11-digit alpha-numeric code that uniquely identifies a bank-branch participating in the RBI regulated funds transfer system. MICR is a 9 digit unique code that identifies bank and bank branches in the ECS for the transfer of funds via cheque. Getty Images.

   • Author: Preeti Motiani

   • IFSC code is used by electronic payment system applications such as real-time gross settlement (RTGS), NEFT and Centralised Funds Management System...
   • MICR code is a code printed on cheques using MICR (Magnetic Ink Character Recognition technology). This enables identification of the cheques and w...
   • One is required to mention the MICR code while filing up various financial transaction forms such as investment forms or SIP form or for transferri...
   • A cheque number is a 6-digit number uniquely assigned to each cheque leaf. It is written on the left-hand side at the bottom of the cheque. It is a...

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     What is the Difference Between IFSC and MICR Code?

     11 Dec 2014

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     What is the Difference Between MICR and IFSC Codes | @riteshlicadvisor

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     Difference Between IFSC and MICR Code | IFSC aur MICR me Antar | IFSC vs MICR #shorts #viral

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5. www.goodreturns.in › classroom › 2014Difference between IFSC and MICR code - Goodreturns

   www.goodreturns.in › classroom › 2014

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   Jun 21, 2017 · Difference IFSC Code and MICR. So, the difference essentially is that IFSC Code is used when remitting money through NEFT and RTGS. On the other hand MICR code is used only on...

6. thisvsthat.io › ifsc-code-vs-micr-codeIFSC Code vs. MICR Code - What's the Difference? - This vs. That

   thisvsthat.io › ifsc-code-vs-micr-code

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   IFSC Code vs. MICR Code What's the Difference? IFSC Code and MICR Code are both unique identification codes used in the banking sector. The IFSC Code, also known as Indian Financial System Code, is an alphanumeric code that is used to identify a specific bank branch in India.

7. bemoneyaware.com › ifsc-micr-swift-code-differenceIFSC, MICR, SWIFT Code, Difference between IFSC and MICR ...

   bemoneyaware.com › ifsc-micr-swift-code-difference

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   Oct 28, 2018 · IFSC code helps to transfer electronic money transfer between banks within India such as NEFT, RTGS, IMPS. MICR is a Magnetic Ink Recognition technology for making cheque processing faster and simpler.

8. www.kotak.com › en › stories-in-focusWhat is IFSC Code & MICR Code? About Bank Branch Codes

   www.kotak.com › en › stories-in-focus

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   Learn about the significance of IFSC and MICR codes, locate them on cheques, and understand key differences between these bank identification codes. Get answers to FAQs about IFSC and MICR codes.

9. www.bajajfinservmarkets.in › discover › differenceDifference Between IFSC and MICR Code | Bajaj Markets

   www.bajajfinservmarkets.in › discover › difference

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   To put it simply, an IFSC Code facilitates the smooth and hassle free functioning of deposit and/or withdrawal-related processes within financial institutions. A MICR code, on the other hand, essentially is equivalent to an identity card for the institution in question. However, their uses go far beyond just that.