ICICI Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for ICICI Madurai Madurai Tamil Nadu

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Koodal Nagar
Contact 9840807073
Bank Details Icici Bank Ltd Koodal Nagar ICIC0004044
Location Madurai, Madurai
City Madurai
District Madurai
State Tamil Nadu
Pincode
Country IN
Address Bntnwnppunngmu6508.
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 625229037 for Koodal 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 625229037 of ICICI Bank, Koodal Nagar branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Koodal Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ICICI Koodal 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 Koodal 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. 625229037 is the MICR code of Industrial Credit And Investment Corporation Of India for Koodal Nagar branch. MICR code for Koodal 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 Koodal Nagar is presented in the table alongside.

Use of ICICI Bank MICR code for Koodal Nagar branch in madurai

The MICR code 625229037 is used in RBI cheque clearing process to identify the branch Koodal 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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