ICICI Bastar Bastar Chhattisgarh MICR CODE

Find MICR Codes for ICICI Bastar Bastar Chhattisgarh

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MICR Code	494229502
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	Bastar
Contact	0
Bank Details	Icici Bank Ltd Bastar ICIC0003601

Location	Bastar, Bastar
City	Bastar
District	Bastar
State	Chhattisgarh
Pincode	494223
Country	IN
Address	Icici bank ltd bastar branch sdm road rajendra nagar ward bastar chhattisgarh pin 494223

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 494229502 for Bastar 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 494229502 of ICICI Bank, Bastar branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Bastar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Icici Bank Ltd are available with micr code -

>>Bande Bc Outlet >>Bastar >>Chhindpal Bc Outlet >>Khairkatta Bc Outlet >>Mandagaon Bc Outlet

MICR code for ICICI Bastar

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Bastar 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. 494229502 is the MICR code of Industrial Credit And Investment Corporation Of India for Bastar branch. MICR code for Bastar 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 Bastar is presented in the table alongside.

Use of ICICI Bank MICR code for Bastar branch in bastar

The MICR code 494229502 is used in RBI cheque clearing process to identify the branch Bastar 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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