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Meaning of Inward Micr Zone-1 ICICI

Posted By angel_1303 on Dec 10, 2009 report abuse

What is the meaning of "INWARD MICR ZONE - 1" in ICICI Online banking account statement. It's nothing but it mean you have given a cheque as a payment or as a contract base. And deduction from your account indicated only debited amount.

Inward Micr Zone-1 ICICI Mean, Inward Micr Zone-1 ICICI, meaning of Inward Micr Zone-1 ICICI

If you get payment cheque and pay at your bank then in will not include in Inward Micr Zone-1. Just Debited cheques are included in Inward Micr Zone-1.

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