What does MICR stand for?

Magnetic Ink Character Recognition is the full form of MICR. MICR code (Magnetic Ink Character Recognition Code) is a pattern recognition technology that is primarily used in the banking industry to determine the authenticity of documents and to facilitate the processing and approval of checks and other paperwork. It’s a type of technology that employs the use of certain characters and ink.

MICR Code characteristics

A MICR code is a nine-digit number that uniquely identifies the bank and branch participating in an ECS (Electronic Clearing System). At the bottom of a cheque leaf, the MICR code is written next to the cheque number. It’s also printed on the first page of a savings account passbook at a bank.

Three elements make up the MICR code.

  • The first three digits of the city code represent the city. They are compared to the PIN code, which is used for postal addresses in India.
  • The next three digits represent a bank code.
  • The last three figures in the branch code indicate the branch.

MICR – FAQs

Q What does MICR stands for?

A – In Computer, MICR stands for Magnetic Ink Character Recognition.

Q What is the purpose of MICR?

A – MICR is a technique for determining the authenticity or originality of paper documents, particularly checks. Because magnetic-ink letters are difficult to fake and thus excellent for marking and identifying cheques, MICR is widely employed in banking.


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