ICICI Manasa Mandsaur Madhya Pradesh MICR CODE

Find MICR Codes for ICICI Manasa Mandsaur Madhya Pradesh

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Manasa
Contact Om Prakash Chhipa 07421-242028
Bank Details Icici Bank Ltd Manasa ICIC0006578
Location Manasa, Mandsaur
City Manasa
District Mandsaur
State Madhya Pradesh
Pincode 458110
Country IN
Address Chhounyat brahman samaj trust bhavan,old bus stand,manasa,458110
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 458229502 for Manasa 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 458229502 of ICICI Bank, Manasa branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Manasa 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 -

>>Manasa

MICR code for ICICI Manasa

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Manasa 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. 458229502 is the MICR code of Industrial Credit And Investment Corporation Of India for Manasa branch. MICR code for Manasa 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 Manasa is presented in the table alongside.

Use of ICICI Bank MICR code for Manasa branch in manasa

The MICR code 458229502 is used in RBI cheque clearing process to identify the branch Manasa 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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