ICIT Presentation GGS INDRAPRASTH UNIVERSITY

Submitted to SubmittedMs. Priti Sharma ManishAssistant Professor (IT) 048

BCA E1 2016-2019

PRESENTATION TOPIC

MICR (Magnetic ink character recognition)

MICR (Magnetic ink character recognition)

Magnetic ink character recognition code(MICR Code)

What is MICR?

MICR stands for Magnetic Ink Character Recognition. It is a technology which allows machines to read and process cheques enabling thousands of cheque transactions in a short time.

MICR code is usually a nine digit code comprising of some important information about the transaction and the bank.

Uses of MICR Code

MICR is a character-recognition technology used mainly by the banking industry to ease the processing and clearance of cheques and other documents

Uses of MICR Code in Cheques

The MICR code is present in the bottom of the Cheque. The first three digits in the MICR code represent the city code that is the

city in which the bank branch is located. In most cases it is in line with the PIN code of the postal addresses in India.

The next three digits stand for the bank code. The last three digits represent the bank branch code.

Image showing MICR Code in Cheque

MICR

Fonts for MICR

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, plus control characters. The MICR E-13B font is the standard in Australia, Canada, the United

Kingdom, the United States, and other countries. Major European countries, including France and Italy, and others like

Brazil and Mexico use the CMC-7 font, developed by Groupe Bull in 1957.

E-13B Font

CMC-7 Font

Why to MICR?

MICR Why?

Advantages Of MICR Code

MICR provides a secure, high-speed method of scanning and processing information.

Unlike barcodes and similar technologies, MICR characters can be read easily by humans.

The use of MICR allows the characters to be read reliably even if they have been overprinted or obscured by other marks, such as cancellation stamps and signature.

MICR Reader

MICR characters are printed in special typefaces with a magnetic ink or toner, usually containing iron oxide. As a machine decodes the MICR text, it first magnetizes the characters in the plane of the paper. Then the characters are passed over a MICR read head, a device similar to the playback head of a tape recorder. As each character passes over the head it produces a unique waveform that can be easily identified by the system.

Images Of MICR Reader

That’s allThanks For Watching