ICICI Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for ICICI Hyderabad Hyderabad Urban Andhra Pradesh

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MICR Code	500229016
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 Mehdipatnam
Contact	Phone - 022 - 67574314 / 4322
Bank Details	Icici Bank Ltd Hyderabad Mehdipatnam ICIC0000245

Location	Hyderabad, Hyderabad Urban
City	Hyderabad
District	Hyderabad Urban
State	Andhra Pradesh
Pincode	500028
Country	IN
Address	12-2-823/a/4/1&2, gottipati towers, main road, mehdipatnam, hyderabad 500 028 500 028

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 500229016 for Hyderabad Mehdipatnam 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 500229016 of ICICI Bank, Hyderabad Mehdipatnam branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Hyderabad Mehdipatnam 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 Mehdipatnam

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 Mehdipatnam 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. 500229016 is the MICR code of Industrial Credit And Investment Corporation Of India for Hyderabad Mehdipatnam branch. MICR code for Hyderabad Mehdipatnam 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 Mehdipatnam is presented in the table alongside.

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

The MICR code 500229016 is used in RBI cheque clearing process to identify the branch Hyderabad Mehdipatnam 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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