ICICI Visakhapatnam Vishakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for ICICI Visakhapatnam Vishakhapatnam Andhra Pradesh

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State
District
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Address

MICR Code	-NA-
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	P M Palem
Contact
Bank Details	Icici Bank Ltd P M Palem ICIC0007315

Location	Visakhapatnam, Vishakhapatnam
City	Visakhapatnam
District	Vishakhapatnam
State	Andhra Pradesh
Pincode	530041
Country	IN
Address	Icici bank ltd hig 4 pm palem car shed road visakhapatnam 530041

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

A total of 12 branches of Icici Bank Ltd are available with micr code -

>>Achutapuram >>Akkayyapalem Visakhapatnam >>Gajuwaka Visakhapatnam >>Gandhigram Viaskhapatnam Hsl >>Madhurawada >>Muralinagar >>Nad Kotha Road Visakhapatnam Andhra Pradesh >>P M Palem >>Pandurangapuram >>Rambilli >>Seethammadhara Visakhapatnam >>Vishakhapatnam One Town Andhra Pradesh

MICR code for ICICI P M Palem

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for P M Palem 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 P M Palem branch. MICR code for P M Palem 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 P M Palem is presented in the table alongside.

Use of ICICI Bank MICR code for P M Palem branch in visakhapatnam

The MICR code 0 is used in RBI cheque clearing process to identify the branch P M Palem 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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