ICICI Jalandhar Jalandhar Punjab MICR CODE

Find MICR Codes for ICICI Jalandhar Jalandhar Punjab

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MICR Code	144229018
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	Maqsudan
Contact	1814655404
Bank Details	Icici Bank Ltd Maqsudan ICIC0004322

Location	Jalandhar, Jalandhar
City	Jalandhar
District	Jalandhar
State	Punjab
Pincode	144021
Country	IN
Address	Khasra no 130 131 adj bawaja dharam kanda opp new sabji mandi gt road maqsudan jalandhar 144001

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 144229018 for Maqsudan 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 144229018 of ICICI Bank, Maqsudan branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Maqsudan branch, makes the characters readable even if there are other marks and stamps on it.

A total of 27 branches of Icici Bank Ltd are available with micr code -

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MICR code for ICICI Maqsudan

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Maqsudan 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. 144229018 is the MICR code of Industrial Credit And Investment Corporation Of India for Maqsudan branch. MICR code for Maqsudan 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 Maqsudan is presented in the table alongside.

Use of ICICI Bank MICR code for Maqsudan branch in jalandhar

The MICR code 144229018 is used in RBI cheque clearing process to identify the branch Maqsudan 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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