ICICI Dharmaram Mydaram Karimnagar Andhra Pradesh MICR CODE

Find MICR Codes for ICICI Dharmaram Mydaram Karimnagar Andhra Pradesh

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MICR Code	505229643
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	Mydaram
Contact	Raju Errolla- 9492176863,
Bank Details	Icici Bank Ltd Mydaram ICIC0002209

Location	Dharmaram Mydaram, Karimnagar
City	Dharmaram Mydaram
District	Karimnagar
State	Andhra Pradesh
Pincode	505416
Country	IN
Address	Icici bank ltd village: mydaram,mandal: dharmaram district : karimnagar state : andhra pradesh pin code : 505416

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 505229643 for Mydaram 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 505229643 of ICICI Bank, Mydaram branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Mydaram 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 -

>>Katikanapalli >>Mydaram

MICR code for ICICI Mydaram

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Mydaram 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. 505229643 is the MICR code of Industrial Credit And Investment Corporation Of India for Mydaram branch. MICR code for Mydaram 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 Mydaram is presented in the table alongside.

Use of ICICI Bank MICR code for Mydaram branch in dharmaram mydaram

The MICR code 505229643 is used in RBI cheque clearing process to identify the branch Mydaram 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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