ICICI Surat Surat Gujarat MICR CODE

Find MICR Codes for ICICI Surat Surat Gujarat

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Palanpur Canal Road
Contact 9375274361
Bank Details Icici Bank Ltd Palanpur Canal Road ICIC0003397
Location Surat, Surat
City Surat
District Surat
State Gujarat
Pincode 395005
Country IN
Address Shop no-1, 2, 9, 10, 11, 12 royal platinum, palanpur canal road, pal, surat-395009, gujarat, india
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 395229029 for Palanpur Canal Road 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 395229029 of ICICI Bank, Palanpur Canal Road branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Palanpur Canal Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ICICI Palanpur Canal Road

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Palanpur Canal Road 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. 395229029 is the MICR code of Industrial Credit And Investment Corporation Of India for Palanpur Canal Road branch. MICR code for Palanpur Canal Road 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 Palanpur Canal Road is presented in the table alongside.

Use of ICICI Bank MICR code for Palanpur Canal Road branch in surat

The MICR code 395229029 is used in RBI cheque clearing process to identify the branch Palanpur Canal Road 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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