ICICI Palampur Kangra Himachal Pradesh MICR CODE

Find MICR Codes for ICICI Palampur Kangra Himachal Pradesh

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Palampur
Contact Harish Kumar 01894-231264, 01894-231190, 9418797597
Bank Details Icici Bank Ltd Palampur ICIC0000936
Location Palampur, Kangra
City Palampur
District Kangra
State Himachal Pradesh
Pincode 176061
Country IN
Address Icici bank ltd., sudesh niley, ward no 2, nh 22, palampur, distt kangra h.p. 176 061
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 Palampur 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, Palampur branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Palampur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Icici Bank Ltd are available with micr code -

>>Palampur

MICR code for ICICI Palampur

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

Use of ICICI Bank MICR code for Palampur branch in palampur

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