|Definition||:||Magnetic Ink Character Recognition|
|Category||:||Business » Banking|
What does MICR mean?
Magnetic Ink Character Recognition (MICR) is a character-recognition technology used primarily by the banking industry to facilitate the processing of cheques and makes up the routing number and account number at the bottom of a check.
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||MICR||Minorities in Cancer Research|
Frequently Asked Questions (FAQ)
What is the full form of MICR in Banking?
The full form of MICR is Magnetic Ink Character Recognition