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what is MICR CODE AND BSR CODE HOW IT WAS DIFFERENT?
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Answer Posted / t
MICR means "Magnetic Ink Character Recognition" code used
by banks to identify cheques.
BSR code means : basic Statistical return" code used by
Income tax dept to identify the tax collecting bank while
submitting online return. Every bank has a unique BSR code.
| Is This Answer Correct ? | 111 Yes | 4 No |
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