ICICI Peth Pune Maharashtra MICR CODE

Find MICR Codes for ICICI Peth Pune Maharashtra

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nana Peth
Contact 9272202017
Bank Details Icici Bank Ltd Nana Peth ICIC0003375
Location Peth, Pune
City Peth
District Pune
State Maharashtra
Pincode 411002
Country IN
Address Bnt0hbspun0.
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 411229070 for Nana Peth 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 411229070 of ICICI Bank, Nana Peth branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Nana Peth 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 -

>>Laxmi Road >>Nana Peth

MICR code for ICICI Nana Peth

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Nana Peth 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. 411229070 is the MICR code of Industrial Credit And Investment Corporation Of India for Nana Peth branch. MICR code for Nana Peth 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 Nana Peth is presented in the table alongside.

Use of ICICI Bank MICR code for Nana Peth branch in peth

The MICR code 411229070 is used in RBI cheque clearing process to identify the branch Nana Peth 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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