Question

What is the full form of 'MICR in MICR code?

• A. Magnetic Ink Character Registration
• B. Marking Ink Character Recognition
• C. Magnetic Ink Character Reconstruction
• D. Magnetic Ink Character Recognition

Answer 1

Answer:

D. Magnetic Ink Character Recognition

• The full form of MICR in MICR code is Magnetic Ink Character Recognition.

• It is a 9-digit code printed at the bottom of checks using magnetic ink.

• This technology is primarily used by the banking industry to streamline the processing and clearance of cheques and other documents.

• The MICR number is a unique identifier that aids in the fast and accurate processing of these documents.