ICICI Koratla Karimnagar Andhra Pradesh MICR CODE

Find MICR Codes for ICICI Koratla Karimnagar Andhra Pradesh

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MICR Code	505229523
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	Madhapur
Contact	Mr. Mohammed Hussain -08008572079
Bank Details	Icici Bank Ltd Madhapur ICIC0002207

Location	Koratla, Karimnagar
City	Koratla
District	Karimnagar
State	Andhra Pradesh
Pincode	505330
Country	IN
Address	Icici bank ltd., h. No. 5-20, village madhapur - 505330, mandal korutla, karimnagar dist., andhra pradesh

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 505229523 for Madhapur 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 505229523 of ICICI Bank, Madhapur branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Madhapur 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 -

>>Madhapur >>Mohanraopet

MICR code for ICICI Madhapur

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Madhapur 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. 505229523 is the MICR code of Industrial Credit And Investment Corporation Of India for Madhapur branch. MICR code for Madhapur 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 Madhapur is presented in the table alongside.

Use of ICICI Bank MICR code for Madhapur branch in koratla

The MICR code 505229523 is used in RBI cheque clearing process to identify the branch Madhapur 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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