ICICI Khamgaon Buldhana Maharashtra MICR CODE

Find MICR Codes for ICICI Khamgaon Buldhana Maharashtra

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Naigaon
Contact
Bank Details Icici Bank Ltd Naigaon ICIC0004193
Location Khamgaon, Buldhana
City Khamgaon
District Buldhana
State Maharashtra
Pincode 431151
Country IN
Address At post naigaon near grampanchayat tahsil nandura dist buldhana 443404 maharashtra
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 0 for Naigaon 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 0 of ICICI Bank, Naigaon branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Naigaon branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Icici Bank Ltd are available with micr code -

>>Alampur >>Bhalegaon >>Kalegaon >>Khamgaon Maharashtra >>Naigaon

MICR code for ICICI Naigaon

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Naigaon 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. 0 is the MICR code of Industrial Credit And Investment Corporation Of India for Naigaon branch. MICR code for Naigaon 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 Naigaon is presented in the table alongside.

Use of ICICI Bank MICR code for Naigaon branch in khamgaon

The MICR code 0 is used in RBI cheque clearing process to identify the branch Naigaon 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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