ICICI Amritsar Amritsar Punjab MICR CODE

Find MICR Codes for ICICI Amritsar Amritsar Punjab

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Amritsar Circular Road
Contact 0
Bank Details Icici Bank Ltd Amritsar Circular Road ICIC0005749
Location Amritsar, Amritsar
City Amritsar
District Amritsar
State Punjab
Pincode
Country IN
Address Khasra no 855 to 858 min rakba tungbala urban circular road op medical enclave amritsar
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 0 for Amritsar Circular Road 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 0 of ICICI Bank, Amritsar Circular Road branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Amritsar Circular Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ICICI Amritsar Circular Road

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Amritsar Circular Road 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. 0 is the MICR code of Industrial Credit And Investment Corporation Of India for Amritsar Circular Road branch. MICR code for Amritsar Circular Road 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 Amritsar Circular Road is presented in the table alongside.

Use of ICICI Bank MICR code for Amritsar Circular Road branch in amritsar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Amritsar Circular Road 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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