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Question : The bank cheques are processed by using:

Option 1: OCR

Option 2: MICR

Option 3: OMR

Option 4: PMR


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: MICR


Solution : The correct option is MICR.

MICR, which stands for Magnetic Ink Character Recognition, is used to process bank checks. Using a special ink containing magnetic particles, MICR technology prints characters on the bottom of the check. This enables the reading of the data by specialized machines to process checks efficiently and accurately. Routing, account, and check numbers from the bank are frequently included in the details. In order to automate the handling of checks, this technology is commonly employed in the banking sector.

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