ICICI Shirol Kolhapur Maharashtra MICR CODE

Find MICR Codes for ICICI Shirol Kolhapur Maharashtra

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MICR Code	416229543
Bank	Icici Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Alas
Contact	Mr. Babasaheb Shikhare 07798885935
Bank Details	Icici Bank Ltd Alas ICIC0002260

Location	Shirol, Kolhapur
City	Shirol
District	Kolhapur
State	Maharashtra
Pincode	416105
Country	IN
Address	Icici bank ltd., house no. 1379, shivganga building, near lalbahadur shastri high school, narasobawadi - kagawad road, mal bhag , alas - 416105, taluka shirol, kolhapur dist., maharashtra

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 416229543 for Alas 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 416229543 of ICICI Bank, Alas branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Alas branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Icici Bank Ltd are available with micr code -

>>Alas >>Jaysingpur Udgaon Sahakari Bank Ltd >>Shedshal

MICR code for ICICI Alas

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Alas 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. 416229543 is the MICR code of Industrial Credit And Investment Corporation Of India for Alas branch. MICR code for Alas 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 Alas is presented in the table alongside.

Use of ICICI Bank MICR code for Alas branch in shirol

The MICR code 416229543 is used in RBI cheque clearing process to identify the branch Alas 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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