User:Infobank786

MICR Cheque:

The short type for ink Character Recognition is MICR, that could be a recognition technology supported characters written with ink or toner and processed by being magnetized and detected magnetically. MICR characters square measure written data on documents in order that the code line data is captured by magnetic recognition.

Advantage of MICR:

MICR encoded cheque book has some major advantages:

• fast process and reduced cheque clearing time • Reduced cheque connected deceitful activities

Features of MICR Cheque:

The MICR Cheque should have the subsequent measurement:

1. Payor establishment space 2. Cheque variety and Date space 3. recipient and Legal quantity space 4. Convenience quantity 5. Account Title 6. Signature space 7. MICR Area

Paper Standard:

The paper on that MICR cheques square measure written should be the CBS1 (Clearing Bank Specification one Or Clearing Bank commonplace 1). it’s to be free from AN excessive tendency to twist and from any magnetic inclusions. alternative properties, embrace security measures, should be as traditional for this grade of paper. The CBS1 has specific standards for chemical sensitivity.

Specifications:

1. commonplace Size: seven.5”X3.5” 2. Basis Weight: ninety five.0 g/m2 (± 5%) 3. Thickness: Min one hundred and five micrometers, easy lay one hundred thirty micrometers

Security Standards: : • Watermark • Microprint • Magnetic Ink • Erasable Inks • Invisible actinic radiation Fluorescent • Chemical Sensitivity

'MICR Area:

Out of total space MICR band space is restricted in zero.625 inches (1.59 cm) from the lowest fringe of the Cheque. within the MICR band, the employment of ink is restricted to the printing of the prescribed E-13B characters. The MICR space contains the subsequent information:

Cheque Serial Number: 07, Routing Number: 09 (Bank Code: 03, District code: 02, Branch Code: 03, Cheque Digit: 01), Account Number: thirteen, dealings Code: 02, Total: 31

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