write a short note on MICR
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♣️ ÁHOLA BRAÎNLIAC♣️
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MICR stands for Magnetic Ink Character Reader.
Magnetic Ink Character Recognition is a character recognition system that uses special ink and characters. When a document that contains this ink needs to be read, it passes through a machine, which magnetizes the ink and then translates the magnetic information into characters. MICR technology is used by banks.
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