ICICI Rewari Rewari Haryana MICR CODE

Find MICR Codes for ICICI Rewari Rewari Haryana

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bawal Sector
Contact 7876151976
Bank Details Icici Bank Ltd Bawal Sector ICIC0003498
Location Rewari, Rewari
City Rewari
District Rewari
State Haryana
Pincode 123501
Country IN
Address Icici bank ltd booth no 5 bawal sector 2 district rewari haryana 123501
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 123229203 for Bawal Sector 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 123229203 of ICICI Bank, Bawal Sector branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Bawal Sector 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 -

>>Bawal Sector >>Haryana Rewari >>Manethi >>Rewari >>Suncity Rewari

MICR code for ICICI Bawal Sector

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Bawal Sector 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. 123229203 is the MICR code of Industrial Credit And Investment Corporation Of India for Bawal Sector branch. MICR code for Bawal Sector 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 Bawal Sector is presented in the table alongside.

Use of ICICI Bank MICR code for Bawal Sector branch in rewari

The MICR code 123229203 is used in RBI cheque clearing process to identify the branch Bawal Sector 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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