What is micr code?

MICR is the Magnetic Ink Character Recognition Code used by the bank and financial institution for processing cheque. Get more information about MICR code from here: http://indianbankdetails.com/

1. What is MICR code and its uses Created By : nandy sarwan http://www.indianbankdetails.com/

2. Introduction: MICR stands for Magnetic Ink Character Recognition. It is the character recognition technology used by the banks and banking sectors for the purpose of processing and clearance of cheques . The MICR line is in the bottom of the documents which includes document type, account number, bank code, cheque number and control indicator. The MICR code reader easy read the line and send it to the data collection devices. Unlike Barcodes, MICR code can easily read by humans and it is printed at the bottom of the cheque .

3. MICR Code

4. Uses of MICR

5. Conclusion: Each and every bank has MICR code for processing the cheque . Get all bank MICR code, IFSC code, and other bank details from indianbankdetails.com http://indianbankdetails.com /