What is MICR?
The full form of MICR is Magnetic Ink Character Recognition. Magnetic Ink Character Recognition is a technology used for the recognition and processing of characters printed with magnetic ink. It involves encoding information using a specific set of characters that can be easily read by machines equipped with magnetic sensors.
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.