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The full form of MICR Code (MAGNETIC INK CHARACTER RECOGNITION) is. MICR as its name suggests, it is a code based on character recognition technology. Which is used in bank cheque clearance. This code is written in a line below the check, which is called MICR band. The Reserve Bank of India uses this code to identify bank branches and pass checks.



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Magnetic ink character recognition code, known in short as MICR code, is a character recognitiontechnology used mainly by the banking industry to streamline the processing and clearance of cheques and other documents. MICR encoding, called the MICR line, is at the bottom of cheques and other vouchers and typically includes the document-type.