Magnetic Ink Character Recognition (MICR) are used to read codes on
Answer Details
MICR is used to read codes on bank cheques. The Magnetic Ink Character Recognition (MICR) technology is a specialized form of optical character recognition (OCR) used to read information printed with magnetic ink. The ink used in MICR characters is specially designed to be read by machines that use magnetic fields to detect and decipher the characters, such as those found on bank cheques. This technology allows for faster and more accurate processing of cheque information, reducing errors and fraud.