ICICI Jammu Akhnoor Jammu And Kashmir MICR CODE

Find MICR Codes for ICICI Jammu Akhnoor Jammu And Kashmir

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rakh Muthi
Contact -
Bank Details Icici Bank Ltd Rakh Muthi ICIC0005563
Location Jammu, Akhnoor
City Jammu
District Akhnoor
State Jammu And Kashmir
Pincode
Country IN
Address Khasra no 133 khata no 59 khewat no 09 rakh muthi nr army station tct jammu jammu andkashmir
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 Rakh Muthi 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, Rakh Muthi branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Rakh Muthi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Icici Bank Ltd are available with micr code -

>>Jandyal Chowk >>Rakh Muthi

MICR code for ICICI Rakh Muthi

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

Use of ICICI Bank MICR code for Rakh Muthi branch in jammu

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