MICR Full Form — Meaning, Definition & Uses
MICR stands for Magnetic Ink Character Recognition. MICR is a technology used by banks in India to process cheques using magnetic ink characters that can…
TL;DR: MICR stands for Magnetic Ink Character Recognition. MICR is a technology used by banks in India to process cheques using magnetic ink characters that…
Written & reviewed by the Syllab.in Academic Team (CBSE/NCERT subject experts) · Updated
MICR stands for Magnetic Ink Character Recognition.
MICR is a technology used by banks in India to process cheques using magnetic ink characters that can be read by machines, speeding up the cheque clearing
MICR Full Form in Detail
The abbreviation MICR expands to Magnetic Ink Character Recognition and is commonly used in Banking & Govt. Knowing what MICR stands for helps you read questions, notes and notices faster.
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