Question

What is Magnetic Ink Character Reader(MICR)? Where it is mostly used and for what purpose?

Answer 1

MICR is an input device that can read the magnetic ink characters as you can see on bank cheques.
Used for inputting the cheque number,bank sort code number etc. on a bank cheque.
Used in banks.

Answer 2

MICR code is a character-recognition technology used mainly by the banking industry to ease the processing and clearance of cheques and other documents. The MICR encoding, called the MICR line, is at the bottom of cheques and other vouchers and typically includes the document-type indicator, bank code, bank account number, cheque number, cheque amount, and a control indicator. The technology allows MICR readers to scan and read the information directly into a data-collection device. Unlike barcodes and similar technologies, MICR characters can be read easily by humans.