ICICI Bhubaneswar Khurda Orissa MICR CODE

Find MICR Codes for ICICI Bhubaneswar Khurda Orissa

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Khandagiri
Contact Mr.Jitendra Rout-919178464284
Bank Details Icici Bank Ltd Khandagiri ICIC0001971
Location Bhubaneswar, Khurda
City Bhubaneswar
District Khurda
State Orissa
Pincode 751030
Country IN
Address Icici bank ltd.,khandagiri branch , plot no -669 , main road jagamara khandagiri  bhubaneswar odisha , pin-751030
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 751229011 for Khandagiri 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 751229011 of ICICI Bank, Khandagiri branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Khandagiri branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ICICI Khandagiri

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Khandagiri 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. 751229011 is the MICR code of Industrial Credit And Investment Corporation Of India for Khandagiri branch. MICR code for Khandagiri 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 Khandagiri is presented in the table alongside.

Use of ICICI Bank MICR code for Khandagiri branch in bhubaneswar

The MICR code 751229011 is used in RBI cheque clearing process to identify the branch Khandagiri 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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