ICICI Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for ICICI Hyderabad Hyderabad Urban Andhra Pradesh

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MICR Code	500229023
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	Hyderabad Chandanagar
Contact	Anjani Chitti 040-64502781,9948409095
Bank Details	Icici Bank Ltd Hyderabad Chandanagar ICIC0000588

Location	Hyderabad, Hyderabad Urban
City	Hyderabad
District	Hyderabad Urban
State	Andhra Pradesh
Pincode	500050
Country	IN
Address	No 101 & 102, ground floor, shri kalki towers, plot#20, opp huda bus stop, nh-9, chandanagar, hyderabad.500050

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 500229023 for Hyderabad Chandanagar 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 500229023 of ICICI Bank, Hyderabad Chandanagar branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Hyderabad Chandanagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 23 branches of Icici Bank Ltd are available with micr code -

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MICR code for ICICI Hyderabad Chandanagar

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Hyderabad Chandanagar 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. 500229023 is the MICR code of Industrial Credit And Investment Corporation Of India for Hyderabad Chandanagar branch. MICR code for Hyderabad Chandanagar 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 Hyderabad Chandanagar is presented in the table alongside.

Use of ICICI Bank MICR code for Hyderabad Chandanagar branch in hyderabad

The MICR code 500229023 is used in RBI cheque clearing process to identify the branch Hyderabad Chandanagar 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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