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 Patel Nagar
Contact Anil Kumar Jain 0731-3297270
Bank Details Icici Bank Ltd Indore Patel Nagar ICIC0006571
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 452001
Country IN
Address 64-a, sapna-sangita road, patel nagar, indore-452001
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 452229011 for Indore Patel Nagar 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 452229011 of ICICI Bank, Indore Patel Nagar branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Indore Patel Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ICICI Indore Patel Nagar

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 Patel Nagar 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. 452229011 is the MICR code of Industrial Credit And Investment Corporation Of India for Indore Patel Nagar branch. MICR code for Indore Patel Nagar 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 Patel Nagar is presented in the table alongside.

Use of ICICI Bank MICR code for Indore Patel Nagar branch in indore

The MICR code 452229011 is used in RBI cheque clearing process to identify the branch Indore Patel Nagar 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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