MICR cheque
Bangladesh Bank Governor Dr. Atiur Rahman deserves appreciation for his sincerity of thoughts and actions in modernising our banking operation. A number of digital systems have been introduced in our banking system, one being the MICR (Magnetic Ink Character Recognition) cheque foil by replacing the traditional paper cheque. This has made the money transfer/ payments more secure and faster. But the public limited banks have yet to get them adapted with the new system.
Together with some of my colleagues I have earned some really bad experiences with readily obtaining MICR cheque book from a Sonali Bank local branch. It took more than a month (in some cases more than two months) to get a fresh MICR cheque book after submission of requisition. We were told by the local branch that the MICR cheque books are being processed and issued by the principal office.
Anyway, it would be much appreciated if the competent authorities took necessary steps to speed up the issuing process. At the same time, I would like to request the Bangladesh Bank to issue leaflets with necessary instructions for the customers in particular, and member of the public in general, on the method of application and on how to use the new cheque leaf, with a view to making them used to the new system.
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