ICICI Manwath Parbhani Maharashtra MICR CODE

Find MICR Codes for ICICI Manwath Parbhani Maharashtra

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MICR Code	431229510
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	Manwath
Contact	2451240787
Bank Details	Icici Bank Ltd Manwath ICIC0004053

Location	Manwath, Parbhani
City	Manwath
District	Parbhani
State	Maharashtra
Pincode	431505
Country	IN
Address	Plot no 8-10-118 ground floor athowadi bazar golait nagar near bus stop manwath dist parbhani

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 431229510 for Manwath 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 431229510 of ICICI Bank, Manwath branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Manwath 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 -

>>Manwath >>Manwath Urban Coop Bank

MICR code for ICICI Manwath

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Manwath 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. 431229510 is the MICR code of Industrial Credit And Investment Corporation Of India for Manwath branch. MICR code for Manwath 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 Manwath is presented in the table alongside.

Use of ICICI Bank MICR code for Manwath branch in manwath

The MICR code 431229510 is used in RBI cheque clearing process to identify the branch Manwath 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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