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Which code is needed for electronic clearing service transactions?

AIFSC
BSWIFT
CCRISP
DMICR
Answer & Solution
Correct answer: D. MICR
1. The code is printed on the cheque leaf. 2. It is read by machine from magnetic ink. 3. It is the MICR code. _Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
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