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

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Answer:

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.

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