How to read your cheque book-1
There are many changes happening in the way India banks. One of them is the changes in the looks of the cheque book. It now contains
(a) a six digit number on the left corner
(b) a 11 digit alphanumeric code which identifies: bank code (first 4 digits), control character (1 digit), branch code (6 digits). This is the Indian Financial System Code.
(c) a 9 digit MICR (Magnetic Ink Character Recognition) code besides the six digit number, in which the first 3 digits denote the city code, the next 3 digits represent the bank code and the last 3 digits indicate the branch code. This uniquely identifies each branch in India which follows the MICR guidelines.
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