Electrocardiography (ECG) monitor is a medical device for recording the electrical activities of the heart using electrodes placed on the body. There are many ECG monitors in the market but it is essential to find the accuracy with which they generate results. Accuracy depends on the processing of the ECG signal which contains several noises and the algorithms used for detecting peaks. Based on these peaks the abnormality in the functioning of the heart can be estimated. Hence this thesis characterizes the ECG signal which helps to detect the abnormalities and determine the accuracy of the system.