ICICI Gadhinglaj Kolhapur Maharashtra MICR CODE

Find MICR Codes for ICICI Gadhinglaj Kolhapur Maharashtra

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MICR Code	416229517
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	Karambali
Contact	Mr. Shivprasad Mathapati 09423800313
Bank Details	Icici Bank Ltd Karambali ICIC0002263

Location	Gadhinglaj, Kolhapur
City	Gadhinglaj
District	Kolhapur
State	Maharashtra
Pincode	416526
Country	IN
Address	Icici bank ltd., a/p karambali - 416526, gadhinglaj taluka, kolhapur dist., maharashtra

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 416229517 for Karambali 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 416229517 of ICICI Bank, Karambali branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Karambali branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Icici Bank Ltd are available with micr code -

>>Gadhinglaj >>Karambali >>Kaulage

MICR code for ICICI Karambali

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Karambali 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. 416229517 is the MICR code of Industrial Credit And Investment Corporation Of India for Karambali branch. MICR code for Karambali 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 Karambali is presented in the table alongside.

Use of ICICI Bank MICR code for Karambali branch in gadhinglaj

The MICR code 416229517 is used in RBI cheque clearing process to identify the branch Karambali 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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