ICICI Satara Satara Maharashtra MICR CODE

Find MICR Codes for ICICI Satara Satara Maharashtra

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Satara (M.I.D.C. Ex. Satara )
Contact Datar Sanjay Pundlik(02162)238191
Bank Details Icici Bank Ltd Satara (M.I.D.C. Ex. Satara ) ICIC0006460
Location Satara, Satara
City Satara
District Satara
State Maharashtra
Pincode 415001
Country IN
Address Majgaonkar premises, 246 somwar peth satara : 415 001.
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 Satara (M.I.D.C. Ex. Satara ) 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, Satara (M.I.D.C. Ex. Satara ) branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Satara (M.I.D.C. Ex. Satara ) branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Icici Bank Ltd are available with micr code -

>>Janata Sahakari Bank Limited >>Pratapgunj Peth >>Satara (M.I.D.C. Ex. Satara ) >>Satara Midc Branch >>Wai

MICR code for ICICI Satara (M.I.D.C. Ex. Satara )

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Satara (M.I.D.C. Ex. Satara ) 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 Satara (M.I.D.C. Ex. Satara ) branch. MICR code for Satara (M.I.D.C. Ex. Satara ) 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 Satara (M.I.D.C. Ex. Satara ) is presented in the table alongside.

Use of ICICI Bank MICR code for Satara (M.I.D.C. Ex. Satara ) branch in satara

The MICR code 0 is used in RBI cheque clearing process to identify the branch Satara (M.I.D.C. Ex. Satara ) 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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