Question

write the name of the device used in the banks to read the special characters printed with magnetic material on the cheques.

Answer 1

The answer is Magnetic Ink Character Reader.

The name of the device used to read the special characters printed with magnetic material on cheques is called Magnetic Ink Character Reader. When a cheque is placed in the MICR reader, the device analyzes the MICR code and identifies the bank, branch and location that the cheque is from. In other words, the MICR sorts the cheques according to bank, branch and location using the MICR code present on the cheque.

Answer 2

The answer of this question is " Magnetic Ink character reader( MICR)".
  
It is the device used in banks to read special characters printed with magnetic material on the cheques. This device analyzes MICR code on a cheque and then identify it.

This reader directly scans the cheque. it read information directly into a data-collection device. This technology has very less error rate. 

Hope this answer will help you alot in your study.