Question

In a bank, after computerization cheques are taken care of by.

• A. Keyboard
• B. MICR
• C. OCR
• D. Scanner

Answer 1

Answer: (B)

MICR

In a bank, after computerization cheques are taken care of by MICR.

MICR (magnetic ink character recognition) is a technology used to verify the legitimacy or originality of paper documents, especially checks. Special ink, which is sensitive to magnetic fields, is used in the printing of certain characters on the original documents.

Magnetic ink character recognition (MICR) is the information that appears at the bottom of a check. This includes the bank's routing number, the customer's account number, and the check number. A MICR code is a 9-digit code that uniquely identifies a bank and a branch participating in an Electronic Clearing System (ECS).