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What is an IFSC code?

IFSC is short for Indian Financial System Code and speaks to the 11 digit character that you can for the most part observe on your bank's check leaves, or other bank supported material. This 11 character code distinguishes the individual bank offices that take an interest in the different online cash move alternatives like NEFT and RTGS.

What is a MICR code?
MICR is an abbreviation for Magnetic Ink Character Recognition which is an innovation utilized in the financial business in printing the MICR codes. A MICR code is a 9-digit code that remarkably distinguishes a bank and a branch taking an interest in an Electronic Clearing System (ECS). The initial 3 digit of the code speaks to the city code, the center ones speak to the bank code and last 3 speaks to the branch code. One can find the MICR code at the base of a check leaf, close to the check number. It is additionally ordinarily imprinted on the primary page of a bank investment account passbook.

What is Cheque Number?
A check number is a 6-digit number extraordinarily appointed to each check leaf. It is composed on the left-hand side at the base of the check. It is prudent to check for example tally and check the number on each check leaf in another check book when you get it from the bank. This is to guarantee that no check is absent from the check book. In a perfect world, you should record the exchange you have utilized each check leaf for in the exchange record slip joined toward the beginning or end of a check book. In this record, you should make reference to the check number, date of check, sum and payee.

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