MICR

Definition : Magnetic Ink Character Recognition
Category : Business » Banking
Country/Region : Worldwide Worldwide
Popularity :

What does MICR mean?

MICR Code 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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Frequently Asked Questions (FAQ)

What is the full form of MICR in Banking?

The full form of MICR is Magnetic Ink Character Recognition

What is the full form of MICR in Business?

Magnetic Ink Character Recognition

What is the full form of MICR in Worldwide?

Magnetic Ink Character Recognition