Economics · Banking System

The 9-digit number printed on banking instruments like cheques or demand drafts using magnetic ink character recognition technology is called:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1IFSC Code
2MICR Code✓
3PIN Code
4SWIFT Code

Correct answer

MICR Code

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The 9-digit number printed on banking instruments like cheques or demand drafts using magnetic ink character recognition technology is called:

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