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Q.

What is the meaning of MICR cheque ? Cheques isuued by Post Offices are MICR or Non MICR cheque?

Tags: cheques, post offices, non micr cheque
Asked by Santanu Talukdar, 14 May '07 11:18 am
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Answers (7)

1.

Magnetic Ink Character Recognition, or MICR, colloquially pronounced /mk/ or sometimes /mak/, a character recognition technology adopted mainly by the banking industry to facilitate the processing of checks. The process was demonstrated to the American Bankers Association in July 1956, and it was almost universally employed by 1963

In addition to their unique fonts, MICR characters are printed with a magnetic ink or toner. Magnetic printing is used so that the characters can be reliably read into a system, even when they have been overprinted with other marks such as cancellation stamps. The characters are read with a device similar in nature to the head of an audio tape recorder, and the letterforms' bulbous shapes ensure that each letter produces a unique waveform for the read head.
In the 1960s, the MICR fonts became a symbol of modernity, leading to the creation of lookalike "computer" typefaces that imitated the appearance of the MICR fonts, but, unlike real MICR fonts, had a ...more
Answered by Kshitija Pednekar, 14 May '07 11:21 am

 
  
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2.

Magnetic Ink Character Recognition (M.I.C.R.) is a character recognition system that uses special ink and characters. When a document that contains this ink is to be read it is passed through a machine with a magnetic field that recognizes the characters. it is mostly used by banks to facilitate processing of cheques. the main purpose is to enhance security and avoid losses caused by fraudulent cheques or coloured photocopied cheques , because when a coloured photocopied cheques is scanned the magnetic field will not be able to read the ink.
Answered by philomenadcosta, 27 May '09 03:51 pm

 
  
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3.

Magnetic Ink Character Recognition, all chqs are MICR now
Answered by Renny Thomas, 17 May '07 04:26 pm

 
  
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4.

Wat s MICR cheque?
Answered by Geevarghese george, 24 Mar '10 08:22 am

 
  
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5.

Magnetic Ink Character Recognition
Answered by Prem Malhotra, 14 May '07 11:22 am

 
  
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6.

700009005
Answered by Sanjay Basu, 10 Aug '10 03:22 pm

 
  
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7.

What feature of magnetic ink
Answered by rajarshi motors, 17 Jul '10 07:41 pm

 
  
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