Explain MICR code

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What is MICR code and its uses

• Created By nandy sarwan
• http//www.indianbankdetails.com/

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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.

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MICR Code
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Uses of MICR
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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/