Features of MICR
- Even if a stamp or sign is placed on top of it, it is still easily recognized. As a result, it is advantageous.
- It is difficult to trace the same ink which makes forging the document very difficult. it creates a very safe and secure network. Since it is difficult to trace the ink used in MICR, forging is impossible, making the network secure.
- This also decreases the mistake rate.
- MICR typefaces that don’t fit these requirements are rejected or denied approval.
MICR Full Form
Magnetic Ink Character Recognition (MICR) is mainly used to recognize and handle cheques. The series of characters at the left-hand bottom corner of a check is its MICR. It is made up of three sets of numbers: the check number, the customer’s account number, and the bank routing number.