ICICI Hyderabad Hyderabad Andhra Pradesh MICR CODE

Find MICR Codes for ICICI Hyderabad Hyderabad Andhra Pradesh

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sanathnagar
Contact 9000080640
Bank Details Icici Bank Ltd Sanathnagar ICIC0002361
Location Hyderabad, Hyderabad
City Hyderabad
District Hyderabad
State Andhra Pradesh
Pincode 500018
Country IN
Address Icici bank ltd h.no.7 2 b50 by a 7 2 50 by a by 1 industrial estate sanathnagar hyderabad
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 500229076 for Sanathnagar 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 500229076 of ICICI Bank, Sanathnagar branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Sanathnagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ICICI Sanathnagar

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Sanathnagar 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. 500229076 is the MICR code of Industrial Credit And Investment Corporation Of India for Sanathnagar branch. MICR code for Sanathnagar 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 Sanathnagar is presented in the table alongside.

Use of ICICI Bank MICR code for Sanathnagar branch in hyderabad

The MICR code 500229076 is used in RBI cheque clearing process to identify the branch Sanathnagar 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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