write a short note on MICR
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MICR:
Magnetic ink character recognition code, known in short as 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.
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Answer:MICR
magnetic ink character recognition is a technology used verify the legitimacy or oraganility of paper documents.It has a special ink which is sensitive to magnetic fields is used in printing of certain characters on the original documents