ICICI Jaipur Jaipur Rajasthan MICR CODE

Find MICR Codes for ICICI Jaipur Jaipur Rajasthan

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Raithal
Contact Suwa Lal,01423-274802,,
Bank Details Icici Bank Ltd Raithal ICIC0006800
Location Jaipur, Jaipur
City Jaipur
District Jaipur
State Rajasthan
Pincode 303801
Country IN
Address Raithal- 303801,teh.amber
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 303229503 for Raithal 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 303229503 of ICICI Bank, Raithal branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Raithal branch, makes the characters readable even if there are other marks and stamps on it.

A total of 103 branches of Icici Bank Ltd are available with micr code -

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MICR code for ICICI Raithal

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Raithal 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. 303229503 is the MICR code of Industrial Credit And Investment Corporation Of India for Raithal branch. MICR code for Raithal 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 Raithal is presented in the table alongside.

Use of ICICI Bank MICR code for Raithal branch in jaipur

The MICR code 303229503 is used in RBI cheque clearing process to identify the branch Raithal 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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