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THE BASRA STONE LIME COMPANY LIMITED GOVT. OF INDIA ENTERPRISE, MINISTRY OF STEEL RED. OFFICE: Sour av Basin, 2nd Floor, AG104, Sector II, Salt Lake, Kolkata 700 091 PHONE: 03340169224,03340169270
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What is m i c r?
M I C R stands for Magnetic Ink Character Recognition. It is a technology used in banking to encode information on checks and other financial documents.
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Financial institutions and businesses that handle a large volume of checks and financial transactions are required to file M I C R.
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M I C R is filled out using specialized ink or toner that contains iron oxide. The information, such as the bank routing number and account number, is printed using M I C R fonts and is then read by magnetic scanners.
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The purpose of M I C R is to streamline the processing of checks and other financial documents. It allows for faster and more accurate reading and processing of important banking information.
What information must be reported on m i c r?
The M I C R line on a check typically includes the bank routing number, account number, check number, and other relevant information. This information is crucial for the proper identification and processing of the check.
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