ICICI Pune Pune Maharashtra MICR CODE

Find MICR Codes for ICICI Pune Pune Maharashtra

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MICR Code	411229073
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	E Squaree
Contact	9272201752
Bank Details	Icici Bank Ltd E Squaree ICIC0003366

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	411016
Country	IN
Address	Icici bank ltd,shree seva 1082,ganesh khind road,opposite e-square,pune-411016

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 411229073 for E Squaree 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 411229073 of ICICI Bank, E Squaree branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for E Squaree branch, makes the characters readable even if there are other marks and stamps on it.

A total of 90 branches of Icici Bank Ltd are available with micr code -

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MICR code for ICICI E Squaree

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for E Squaree 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. 411229073 is the MICR code of Industrial Credit And Investment Corporation Of India for E Squaree branch. MICR code for E Squaree 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 E Squaree is presented in the table alongside.

Use of ICICI Bank MICR code for E Squaree branch in pune

The MICR code 411229073 is used in RBI cheque clearing process to identify the branch E Squaree 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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