Dissimilarities in equal error rates (EERs) of multiple matchers heavily influence the performance of multi-biometric systems. A normalization technique aims at improving the recognition rate of such a system. In view of this, in this paper, an anchored normalization technique, referred to as improved anchored min-max (IAMM) technique for a multimodal biometric system, is developed. In the proposed technique, the anchor value is computed from the raw matching score sets corresponding to each of the modalities used in the system. This anchor value does not require a priori knowledge of the equal error rates and genuine/impostor score distributions of the individual matchers used in the system. It takes into account the average and variations of the score values that occur more than once in each score set. The performance of IAMM, in terms of EER and genuine acceptance rates @10% and @20% false acceptance rates, is evaluated on a multi-biometric system. The experimental results show that the performance of a multi-biometric system using the proposed normalization technique is superior to that of the uni-biometric systems or to that of the system using the existing normalization techniques.