ICICI Guttal Haveri Karnataka MICR CODE

Find MICR Codes for ICICI Guttal Haveri Karnataka

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kurgund
Contact Santosh 9611084982
Bank Details Icici Bank Ltd Kurgund ICIC0003105
Location Guttal, Haveri
City Guttal
District Haveri
State Karnataka
Pincode 581108
Country IN
Address Near gram panchayat kurgund taluk haveri district haveri
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 581229502 for Kurgund 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 581229502 of ICICI Bank, Kurgund branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Kurgund branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Icici Bank Ltd are available with micr code -

>>Basapur >>Kurgund

MICR code for ICICI Kurgund

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Kurgund 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. 581229502 is the MICR code of Industrial Credit And Investment Corporation Of India for Kurgund branch. MICR code for Kurgund 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 Kurgund is presented in the table alongside.

Use of ICICI Bank MICR code for Kurgund branch in guttal

The MICR code 581229502 is used in RBI cheque clearing process to identify the branch Kurgund 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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