What is MICR Code? - Magnetic Ink Character Recognition
Magnetic ink character recognition, or MICR, is a character recognition technology used primarily by the banking industry to facilitate the processing and clearance of cheques and other documents. The MICR encoding, called the MICR line, is located at the bottom of a cheque or other voucher and typically includes the document type indicator, bank code, bank account number, cheque number and the amount, plus some control indicator. The technology allows MICR readers to scan and read the information directly into a data collection device. Unlike barcodes or similar technologies, MICR characters can be easily read by humans. The MICR E-13B font has been adopted as the international standard in ISO 1004:1995, but the CMC-7 font is widely used in Europe.
Where can I Find MICR Code?
As you can see above a a Cheque from State Bank of India SBI Kerala, The MICR Code for it is highlighted as follows:
MICR Code of this branch is "69500 2017"
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