MICR facts for kids
MICR is a special technology that helps computers read numbers and symbols printed with a unique magnetic ink. You often see it on bank cheques! It helps banks quickly and accurately process millions of cheques every day.
What is MICR?
MICR stands for Magnetic Ink Character Recognition. It is a type of data input system often used in banks. This system uses a special device called a MICR reader. This reader can understand characters printed with magnetic ink on documents.
How Does MICR Work?
Characters like numbers and symbols are printed on documents, such as bank cheques. They are printed using a special magnetic ink and a unique font. Each character is designed in a specific way, like a small grid. The MICR reader has a magnetic head. This head can detect the magnetic pattern of each character. It reads these characters by looking at their shapes and magnetic signals.
Why is MICR Important?
MICR technology is very useful for banks. It allows them to read bank account numbers and other details very quickly. It is also very accurate. This helps banks process many cheques without mistakes. This makes banking faster and more efficient for everyone.
Images for kids
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An early example of how MICR font was used on a cheque.
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A cheque signed by Enzo Ferrari in 1970, showing MICR markings.
See also
In Spanish: Reconocimiento de caracteres por tinta magnética para niños
