ICICI Anand Sojitra Gujarat MICR CODE

Find MICR Codes for ICICI Anand Sojitra Gujarat

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MICR Code	387229504
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	Magharol
Contact	7573951735
Bank Details	Icici Bank Ltd Magharol ICIC0004291

Location	Anand, Sojitra
City	Anand
District	Sojitra
State	Gujarat
Pincode	388440
Country	IN
Address	Panchayat office building maghrol ta sojitra dist anand-387210

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 387229504 for Magharol 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 387229504 of ICICI Bank, Magharol branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Magharol branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Icici Bank Ltd are available with micr code -

>>Magharol

MICR code for ICICI Magharol

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Magharol 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. 387229504 is the MICR code of Industrial Credit And Investment Corporation Of India for Magharol branch. MICR code for Magharol 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 Magharol is presented in the table alongside.

Use of ICICI Bank MICR code for Magharol branch in anand

The MICR code 387229504 is used in RBI cheque clearing process to identify the branch Magharol 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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