ICICI Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for ICICI Indore Indore Madhya Pradesh

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Indore Kanadia Road
Contact 0
Bank Details Icici Bank Ltd Indore Kanadia Road ICIC0005916
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 452015
Country IN
Address Plot no 372 alok nagar kanadia road gram khajrana indore madhya pradesh 452015
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 0 for Indore Kanadia Road 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 0 of ICICI Bank, Indore Kanadia Road branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Indore Kanadia Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ICICI Indore Kanadia Road

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Indore Kanadia Road 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. 0 is the MICR code of Industrial Credit And Investment Corporation Of India for Indore Kanadia Road branch. MICR code for Indore Kanadia Road 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 Indore Kanadia Road is presented in the table alongside.

Use of ICICI Bank MICR code for Indore Kanadia Road branch in indore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Indore Kanadia Road 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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