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Categories >> Accounting >> Accounting General
 
 


 

 
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 Accounting General interview questions  Accounting General Interview Questions (2830)
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Question
what is MICR CODE AND BSR CODE HOW IT WAS DIFFERENT?
 Question Submitted By :: Accounting-General
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
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 ?    74 Yes 2 No
T
 
Answer
# 2
MICR means "Magnetic Ink Character Recognition" which are
unique code for a particular branch of a particular bank to
identify the bank

while BSR code is used by any authority to identify bank in
which such tranasction of govt occured.
 
Is This Answer Correct ?    24 Yes 8 No
Mr.roshan Dahal
 
 
 
Answer
# 3
MICR means "Magnetic Ink Character Recognition" which are
unique code to identify the particular branch of a
particular bank

while BSR code is used by any authority to identify bank in
which such tranasction of govt occured.

Both are different because one is identify the branch of
any bank and another is identify the tranjection
 
Is This Answer Correct ?    19 Yes 7 No
Hari Shankar Sharma
 

 
 
 
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