answersLogoWhite

0

MICR stands for Magnetic Ink Character Recognition. It is used by banks to identify the details like customer account number, bank branch code, bank code etc. almost all banks worldwide use these MICR numbers in their checks and demand drafts.

The MICR Reader can read all the information that is written in the corresponding format in a cheque.

User Avatar

Wiki User

13y ago

What else can I help you with?