Question
MICR code, is a technology used mainly by the banking
industry to ease the processing and clearance of cheques and other documents. In MICR what does 'C' stands for?Solution
Magnetic Ink Character Recognition code, known in short as MICR code, is a character-recognition technology used mainly by the banking industry to ease the processing and clearance of cheques and other documents. There are two major MICR fonts in use: E-13B and CMC-7. E-13B has a 14 character set, while CMC-7 has 15—the 10 numeric characters along with control characters.
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