hello friends,
can you explain tha number code in cheque three code like cheque no, micr code next dont know. "115402" "110002031": 263100"' 32
third code what .
vivek kumar jain
(service/student)
(559 Points)
Replied 05 November 2008
i am not sure.
but i think it is the bank code of which the cheque is.
CA. Dashrath Maheshwari
(TaXpert)
(15103 Points)
Replied 05 November 2008
BANK CHEQUE SYSTEM WITH CHEOUES HAVING MAGNETIZED STRIPS AND/OR STORAGE CHIPS Field of the Invention The invention relates to a bank cheque system wherein banks issue cheques carrying on their front faces imprinted visible data, rear faces for endorsement, and a magnetized strip and/or storage chip having an invisible magnetic (stored) encoded data, as well as the magnetized cheques themselves and methods of controlling the authenticity and guaranteeing the funding of such cheques.
The invention also pertains to methods, and electronic systems and magnetized strips
Background of the Invention The invention relates to new cheques made of paper
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