Business Brief Uflex Gets IBA Certification as Security Printer for Printing MICR Instruments

New Delhi, May 18 (PTI) Packaging solutions firm Uflex has been certified by the Indian Banks' Association as a security printer for printing MICR instruments for its member banks.

This would allow the company to enter into the market of printing of standardised documents related to bank cheques and ex-chequer's revenue department, for whom security printing for MICR instruments is mandatory, the company said in a statement

"Now that we have been certified by Indian Banks Association (IBA), a huge window of opportunity for security printing of MICR instruments both in India and overseas has opened up for Uflex. We will make the most of it," Dinesh Jain, Uflex president, legal and corporate affairs and the head of holography business said.

MICR stands for Magnetic Ink Character Recognition and requires special printing system with overt and covert features for bank cheques, legal tenders and various other negotiable documents.

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