List of Transaction Code Numbers used in cheques

A uniform set of transaction codes has been developed to be used by all banks. The transaction code, to be pre-printed, comprises of a two digit number running from 01-99. Code numbers 01-49 are reserved for debit instruments and code numbers 50-99 for credit instruments.The transaction code numbers are enumerated below

Transaction Code No.	Nature of Transaction / Instruments represented by the Code
01-09	Codes reserved for clearing house control documents representing debit instruments.
10	Savings Bank Account Cheque
11	Current Account cheque
12	Banker's cheque
13	Cash credit account cheque
14	Dividend warrant
15	Traveller's cheque
16	Demand Draft
17	Cheques which will be issued in lieu of existing payment order
18	Gift cheque
19	Interest warrant
20	State government transactions
21	Central Government transactions
22	Railway transactions
23	Posts & Telegraphs transactions
24	Defense transactions
25	Telecommunication transactions
26	Reserved
27	Departmentalised ministries (UMALO) transactions
28	Refund warrant
29	At Par Current Account Cheques
30	Stock Invest
31-49	Reserved

Note : For the present, banks have decided not to bring the travellers'cheques under the purview of mechanised cheque processing. Travellers cheques may not be printed in MICR format and with MICR codeline. Accordingly, when the mechanised cheque processing system is introduced for cheque clearing on a regular basis, the travellers cheques will not be eligible for presentation through the clearing system.