Question

What is MICR where? it is mostly used? What are the major advantage and disadvantage of MICR

Answer 1

Micr is a magnetic ink character

the advantage of magnetic ink character is that it was a type of engg from which we can write more accurately disadvantages that from this type of ink our skin is directly injured

Answer 2

The MICR are used to read the characters inscribed on documents with ink and containing magnetized particles. MICR is used in banks to process large volumes of cheques being handled every day. Banks which employ MICR technology use special type of cheques.

Benefits or advantages of MICRFollowing are the benefits or advantages of MICR:➨In spite of rough handling, one can read the MICR information with high degree of accuracy. ➨The processing of MICR information is fast. ➨It offers greater security compare to OCR technology as printed characters can not be altered. ➨There is no manual input and hence errors are reduced. ➨The characters can be read even if somebody write on them. This is due to the fact that special ink containing iron particles is used to print the characters. ➨The document is not easy to forge. 


Disadvantages of MICR

Following are the drawbacks or disadvantages of MICR:
➨It can recognize only 10 digits & 4 special characters. 
➨Alphanumeric characters are not used in MICR. Only certain characters can be read. 
➨It is more expensive method of data entry.