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MICR- Used by banks to read cheque codes
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Bank basics
Q. What method is used by the Bank to read code on cheque?
- Published on 20 Jul 15
a.
MICR
b.
OCR
c.
OMR
d.
None
ANSWER: MICR
The Magnetic Ink Character Recognition (MICR) line is at the bottom of cheques.
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