The MICR technique is used to print the branch code on a cheque. What is the…
2022
The MICR technique is used to print the branch code on a cheque. What is the full form of MICR?
- A.
Magnetic Important Code Reader
- B.
Main Ink Code Reader
- C.
Magnetic Ink Character Recognition
- D.
Magnetic Ink Code Reader
Show answer & explanation
Correct answer: C
MICR stands for Magnetic Ink Character Recognition, a technique used for machine-readable cheque information.