Most of us have came across the money transaction using Bank Cheque. We must have filled the cheque and have given to someone or you might have got the cheque to get it cashed. We just look at amount the ammount and submit for encashment :D .Have you ever noticed the four set of number on the bottom of cheque. What is number all about have you ever tried to find out what this number means. I am going to explain the meaning of that four set of number

There are basically four set of number present in Indian Cheque.

1) Cheque Number
First set of numbers represent the cheque number. It is a six digit number (refer image)

2)MICR code

MICR stands for Magnetic Ink Character Recognition. It is a method that helps route the cheque to where the money exist. This is used to efficiently transfer your money.