Micr full form: Learn about the full form

Learn about the full form of MICR , its characteristics, working method, and its difference from IFSC code. Explore the unique features of MICR code. What does MICR mean ? Magnetic Ink Character Recognition ( MICR ) is a character-recognition technology used primarily by the banking industry to facilitate the processing of cheques and makes up the routing number and account number at the bottom of a check. MICR stands for Magnetic Ink Character Recognition, a system used by banks to identify cheques and other documents. Learn the characteristics, working and difference of MICR code and IFSC code. Learn what MICR code is, how to find it on your cheque, and why it's important for banking transactions. Find MICR codes for SBI, Union Bank, and more.