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what is MICR CODE AND BSR CODE HOW IT WAS DIFFERENT?
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Answer Posted / hari shankar sharma
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
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