ICICI Parkal Warangal Telangana MICR CODE

Find MICR Codes for ICICI Parkal Warangal Telangana

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Parkal
Contact
Bank Details Icici Bank Ltd Parkal ICIC0007492
Location Parkal, Warangal
City Parkal
District Warangal
State Telangana
Pincode 506164
Country IN
Address Icici bank ltd h no 20 302 303 304 jaya deluxe road parkal warangal rural dist 506164 telangana
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 Parkal 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, Parkal branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Parkal 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 -

>>Parkal

MICR code for ICICI Parkal

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

Use of ICICI Bank MICR code for Parkal branch in parkal

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