MICR
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M I c
r stands for magnetic ink character reader .
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It is
widely used by bank to process large value cheque or deposit form .
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Special
ink called magnetic ink ( which contain iron oxide partides) is used to written
character in the cheque or deposit which is detected by micr .
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M I c
r is capable of process these cheque or deposit form.
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When a
cheque is entered in to m I c r it passes through a magnetic field . The iron
oxide particles are magnetized under the magnetic filed .the reads head reads
the characters written on the cheque or deposit form with the magnetic ink.
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Up to
2600 cheque or deposit form are processed by m I c r within one minutes.
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