ICICI Patna Patna Bihar MICR CODE

Find MICR Codes for ICICI Patna Patna Bihar

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Patel Nagar
Contact 0
Bank Details Icici Bank Ltd Patel Nagar ICIC0004015
Location Patna, Patna
City Patna
District Patna
State Bihar
Pincode 800023
Country IN
Address Icici bank ltd, astha building, dr bhattacharya road, west patel nagar patna 800023.
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 800229024 for Patel Nagar 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 800229024 of ICICI Bank, Patel Nagar branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Patel Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ICICI Patel Nagar

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Patel Nagar 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. 800229024 is the MICR code of Industrial Credit And Investment Corporation Of India for Patel Nagar branch. MICR code for Patel Nagar 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 Patel Nagar is presented in the table alongside.

Use of ICICI Bank MICR code for Patel Nagar branch in patna

The MICR code 800229024 is used in RBI cheque clearing process to identify the branch Patel Nagar 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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