MICR cheque processing was introduced between 1987 and 1989 at 4 Metropolitin Centres. The system was gradually extended to the clearing zones also with the increased demand for MICR stationery it was decided to lay down parameters for printers for empanelling. The scheme envisages technical capability security arrangements quality control measures and accounting procedures (including accounting of waste) etc. The Empanellment of Security Printers which was being carried out by RBI was entrusted to the Association in the year 1997. The Scheme also extends to MICR grade paper manufacturers. For details of the scheme please contact.
Indian Banks' Association
Stadium House, Block II & III, 6th Floor,
Veer Nariman Road, Mumbai 400 020.
Tel : 91-22- 22894803/18 / Fax : 91-22-22894804
For latest list of Empanelled Security Printers