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Answer

Correct Option is MICR

Solution:An MICR code is a 9-digit code that uniquely identifies the bank and branch participating in an Electronic Clearing System (ECS).
It comprises of 3 parts:
The first three digits represent the city (City Code). They are aligned with the PIN code we use for postal addresses in India.
The next 3 digits represent the bank (Bank Code)
The last 3 digits represent the branch (Branch Code)

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