MICR readers and printers are expensive and the system can only accept a few characters.
VOIP = Voice Over Internet Protocol... MICR = Magnetic Ink Character Recognition
MICR readers are one type of device capable of reading text printed with magnetic ink.
Advantage: Ease of Readability and High SecurityThe use of iron oxide-based ink ensures MICR characters are readable even if a document is obscured by miscellaneous marks or overprinted. MICR systems provide a high level of security since MICR characters are required to follow a stringent format and use precise iron oxide ink, which makes the documents difficult to forge.Advantage: Small Deciphering Error RateThe error rate for reading MICR characters is small as compared to other character recognition systems. MICR scanners precisely and accurately decipher the characters, provided they follow standards set out by the American National Standards Institute (ANSI) and the American Bankers Association (ABA). For example, there is typically only one read error for every 20,000 to 30,000 checks processed by a MICR scanner.Sponsored LinksAccurate OCR SDK Powerful Royalty Free OCR toolkit. Easy integration, C#/VB.NET/C++www.nicomsoft.comDisadvantage: Time Consuming StandardsThe printing of MICR is demanding, setting precise but difficult-to-achieve standards, which is a distinct disadvantage in terms of time consumption. The American National Standards Institute (ANSI) implements and manages all MICR printing standards. It sets precise requirements for MICR character fonts, MICR registration, paper-moisture content and grain and toner adhesion. All MICR character fonts must meet ANSI requirements. Standard X9.27-1995 lays down font standards while ANSI standard X9.7-1990 specifies line positioning of MICR characters. Additionally, the two published standards currently used for MICR include the American Bankers Association (ABA) standards 092200 and ABA 092700, which stipulate how and where the MICR characters are printed on the check. ABA 092200 specifies the printing requirements for MICR and ABA 092700 stipulates printing locations and placement. MICR fonts that do not adhere to these standards will lead to rejected checks at banks and processing errors at other institutions.Disadvantage: Expensive EquipmentMICR readers are expensive and capable of recognizing only MICR fonts written in a specific format. MICR printers run on cartridges that cost far more than plain ink toner cartridges. As of March 2010, a single HP 05A MICR toner cartridge costs $110 and an HP 42X MICR toner cartridge costs $248, as opposed to the price of a single HP 60XL inkjet toner cartridge that costs $33.by SHUBHAM DAHIYA
MICR
micr
This is not avalid MICR code.
MICR Reader converts MICR characters into a form the computer can process
MICR devices can read:Numbers
what is mean by MICR Drfat / Checque
Defination for NON-MICR CHEQUES
HP manufactures MICR laser printers. The MICR laser printer is used to create checks. MICR is the shortened version of Magnetic Ink Character Recognition.
500229009 is the MICR code
MICR(magnetic ink character recognition)
Micr is found on the bottom of checks. It is used by banks to scan and process checks. Micr stands for magnetic ink character recognition.
I think khetri is non micr centre, micr branches issue cheques with micr code on your cheque ist is cheque serial no follwed by micr code of the branch
Micr is a technology used by banks and other financial businesses that helps recognize if paper documents are real or fake. Non micr just means that a business does not use this technology at all.