ICICI Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for ICICI Delhi New Delhi New Delhi

MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Alaknanda
Contact Neeraj Mahajan 011-26038122
Bank Details Icici Bank Ltd Alaknanda ICIC0001023
Location Delhi, New Delhi
City Delhi
District New Delhi
State New Delhi
Pincode 110019
Country IN
Address Icici bank ltd., d-1 , alaknanda shopping complex , new delhi. 110 019
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 110229106 for Alaknanda branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 110229106 of ICICI Bank, Alaknanda branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Alaknanda branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ICICI Alaknanda

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Alaknanda is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 110229106 is the MICR code of Industrial Credit And Investment Corporation Of India for Alaknanda branch. MICR code for Alaknanda branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for ICICI Bank Alaknanda is presented in the table alongside.

Use of ICICI Bank MICR code for Alaknanda branch in delhi

The MICR code 110229106 is used in RBI cheque clearing process to identify the branch Alaknanda and ICICI Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Industrial Credit And Investment Corporation Of India is typically in either of these two font’s: E-138 and CMC-7.

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