General Studies · Cheque Instruments
Which of the following statements about the MICR code on a cheque is/are correct? 1. MICR stands for Magnetic Ink Character Recognition and is a 9-digit code. 2. The first three digits represent the city code. 3. The last three digits represent the bank branch code.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 only
- 21 and 3 only
- 31 and 2 only
- 41, 2 and 3✓
Correct answer
1, 2 and 3
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