2006-12-31 01:24:31 · 7 answers · asked by pamidinag 1 in Business & Finance ➔ Other - Business & Finance
Magnetic Ink Character Recognition
This refer to both the ink and the font used to print the bank routing number, account no. and amount across the bottom of the check.
2006-12-31 01:41:25 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
Micr Cheque
2016-11-03 09:53:07 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Magnetic Ink Character Reader
2006-12-31 03:23:58 · answer #3 · answered by rem t 1 · 0⤊ 0⤋
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RE:
What is meaning of MICR on a Bank cheque?
2015-08-13 17:46:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It is 'Magnetic Ink Character Recognition', it helps the cheque being identified for certain specific fields like Branch identity, account number etc. through an automated reading device.
2006-12-31 01:54:32 · answer #5 · answered by jnanp2001 2 · 0⤊ 0⤋
i see this type of transaction code when we have claimed to any company. like any medical claim, accident claim etc.. In general first answer is right MICR means - magnetic ink character Recognition Each bank have its own code & INW - INward CLG - clearing. Cheque clearing related words.
2016-03-18 23:42:58 · answer #6 · answered by Anonymous · 0⤊ 0⤋
What Is Micr
2016-12-16 03:53:49 · answer #7 · answered by Anonymous · 0⤊ 0⤋
MAGNETIC IMAGING CODE RECOGNITION
2006-12-31 01:29:24 · answer #8 · answered by Anonymous · 0⤊ 0⤋