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Prateek Biyani

Prateek Biyani (Querist)
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28 September 2007 What stands for BSR Code(for Banks)
What stands for MICR code (also for banks)

CMA Gul S

CMA Gul S (Expert)
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28 September 2007 BSR Code

Bank Branch code or BSR code is a 7 digit code allotted to banks by RBI

MICR

The bottom line on all checks printed and used in North America (and many other countries worldwide) is printed using a special font called MICR (short for Magnetic Ink Character Recognition). MICR is usually pronounced My-ker. The bottom line on a check must always be printed in the MICR typeface using a special magnetic ink.

The MICR line on a check allows the check information to be automatically read by inexpensive machines. This is the only way that huge numbers of checks can be processed each day.

R.V.RAO

R.V.RAO (Expert)
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28 September 2007 bsr is a 7 digit branch code allotted by rbi to every branch bank and is a must to be quoted in bank chalans.RBI WEBSITE OFFERS MANY DETAILS BUT NO ABBREVIATION THERE.
MICR MAGNETIC INK CODED RECORDER.
R.V.RAO