rahul borole
MICR is used to facilitate the processing of cheques in banking systems. the data is typed in magnetic ink, mostly iron oxide which can be detected by a magnetic ink character reader and processed.
Magnetic ink was invented by a team of scientists at Stanford University in the 1950s. It is commonly used in banking for check processing and in security printing to prevent counterfeiting.
MICR stands for magnetic ink character reader
Ink is not typically magnetic, so a simple way to determine if ink is magnetic is by using a magnet. If the ink is attracted to the magnet, then it contains magnetic particles.
Unlike normal ink magnetic ink can be read by humans and specialized equipment. Magnetic ink is often used to print characters, for example routing numbers, on documents which are read by machines.
You can print checks without magnetic ink by using regular ink and a high-resolution printer. However, some banks may require magnetic ink for processing, so it's best to check with your bank before printing checks without magnetic ink.
micr(magnetic ink character recognition)
To make magnetic ink for checks, you can mix iron oxide particles with a special type of ink that contains magnetic properties. This ink is used to print the numbers and symbols on the bottom of checks that can be read by magnetic scanners. It is important to use the correct type of ink and follow safety guidelines when handling iron oxide particles.
The MICR (Magnetic Ink Character Recognition) code has 9 digits and are also used to identify the bank-branch for cheque clearing and online transaction processes. You can find MICR or IFSC codes of all branches across Indian at www.indiancodes.org Its quite faster too.
Magnetic ink is exactly what the name indicates; it is a kind of ink which is both visible to the eye (it's black) and has a magnetic field that can be detected with the right kind of magnetometer. It is used in the coding on the bottom of checks, known as routing numbers, so that it can be read both by people and by computers.
ink gets finished so fast
ancient Egypt invented black ink but ancient china stole it from them.