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02: Computer System Organisation
- #4What is MICR? Where is it mostly used? What are the major advantages and disadvantages of MICR as general purpose input medium?Ans : MICR stands for Magnetic Ink Character Recognition.
It is a characters recognition technology that can read human unreadable characters that are printed using a special magnetic ink. It is mostly used in banks to facilitate the processing of cheques.
Advantages
Advantages of MICR are as follows:
1. It decreases the margin of errors.
2. Provides high security.
Disadvantages
Disadvantages of MICR are as follows:
1. Time consuming standards.
2. The number of characters that can be recorded with present techniques is very limited.