ICICI Jodhpur Jodhpur Rajasthan MICR CODE

Find MICR Codes for ICICI Jodhpur Jodhpur Rajasthan

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Phalodi
Contact Babu Lal Meena,02925-223416,,9351554462
Bank Details Icici Bank Ltd Phalodi ICIC0006844
Location Jodhpur, Jodhpur
City Jodhpur
District Jodhpur
State Rajasthan
Pincode 342301
Country IN
Address Bhayo-ki.nadi naya bazar, phalodi, teh.phalodi-342301
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 342229201 for Phalodi 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 342229201 of ICICI Bank, Phalodi branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Phalodi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ICICI Phalodi

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Phalodi 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. 342229201 is the MICR code of Industrial Credit And Investment Corporation Of India for Phalodi branch. MICR code for Phalodi 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 Phalodi is presented in the table alongside.

Use of ICICI Bank MICR code for Phalodi branch in jodhpur

The MICR code 342229201 is used in RBI cheque clearing process to identify the branch Phalodi 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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