what is fullform of micr cheque
MICR-Magnetic Ink Character Recognition. Magnetic Ink Character Recognition is a character recognition technology used by the majority of banks while their cheques.The technology uses magnetic ink for printing the code, which is usually present at the bottom of the cheque.A typical MICR code may contain the following details 1  : Cheque Serial Number. 2  Account Number.he technology uses magnetic ink for printing the code, which is usually present at the bottom of the cheque. A typical MICR code may contain the following details 1  : Cheque Serial Number. 2  Account Number.