ICICI Solapur Solapur Maharashtra MICR CODE

Find MICR Codes for ICICI Solapur Solapur Maharashtra

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Arali
Contact Mr. Piyush Bhandari- 07875756739
Bank Details Icici Bank Ltd Arali ICIC0002273
Location Solapur, Solapur
City Solapur
District Solapur
State Maharashtra
Pincode 413305
Country IN
Address Icici bank ltd , a/p arali - 413305, taluka mangalvedha, solapur 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 413229513 for Arali 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 413229513 of ICICI Bank, Arali branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Arali branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of Icici Bank Ltd are available with micr code -

>>Arali >>Chincholikati >>Kurduwadi >>Not Available >>Samarth Sahakari Bank Ltd >>Solapur >>Solapur Market Yard >>Solapur Park Chowk Maharashtra

MICR code for ICICI Arali

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Arali 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. 413229513 is the MICR code of Industrial Credit And Investment Corporation Of India for Arali branch. MICR code for Arali 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 Arali is presented in the table alongside.

Use of ICICI Bank MICR code for Arali branch in solapur

The MICR code 413229513 is used in RBI cheque clearing process to identify the branch Arali 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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