Characteristics of a MICR cheque

Characteristics of a MICR cheque

Characteristics of a MICR cheque

The short form for Magnetic Ink Character Recognition is MICR, which is a recognition technology based on characters printed with magnetic ink or toner and processed by being magnetized and sensed magnetically. MICR characters are printed information on documents so that the code line information can be captured by magnetic recognition. This technology is used in cheques to make it safer & secured. MICR characters are printed information on documents so that the code line information can be captured by magnetic recognition. Special ink, which is sensitive to magnetic fields, is used in the printing of certain characters on the original documents.

Major advantages:

  • Quick processing and reduced cheque clearing time
  • Reduced cheque related fraudulent activities

Some characteristics of a MICR cheque are:

  1. Paper Standard: The paper on which MICR cheques are printed must be the CBSI (Clearing Bank Specification 1 Or Clearing Bank standard 1)
  2. Security Standards: As increased security measures, some special features are added to the MICR cheques.
  3. Watermark: Watermark of the bank is seen in the MICR cheques.
  4. Microprint: Microprints are used as increased security measures.
  5. Magnetic Ink: Magnetic ink is used to avoid forgery.
  6. Invisible UV Florescent: Invisible UV Fluorescent is used as an extra step to avoid forgery.
  7. Chemical Sensitivity: Particular chemical sensitivity helps to detect forgery.

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