ICICI Panchkula Panchkula Haryana MICR CODE

Find MICR Codes for ICICI Panchkula Panchkula Haryana

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MICR Code	160229032
Bank	Icici Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Sector 16
Contact	Ms. Ritu Singh- 0172-5040126
Bank Details	Icici Bank Ltd Sector 16 ICIC0001845

Location	Panchkula, Panchkula
City	Panchkula
District	Panchkula
State	Haryana
Pincode	134109
Country	IN
Address	Icici bank ltd., sco 194, sector 16, panchkula - 134109.

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 160229032 for Sector 16 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 160229032 of ICICI Bank, Sector 16 branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Sector 16 branch, makes the characters readable even if there are other marks and stamps on it.

A total of 15 branches of Icici Bank Ltd are available with micr code -

>>Dlf Valley >>Panchkula >>Panchkula >>Panchkula Sector 5 >>Panchkula Sector 7 >>Panchkula Sector 8 Haryana >>Panchkula Sector Fifteen >>Panchkula Sector Twentyseven >>Sec Panchkula >>Sector 16 >>Sector 2 Panchkula >>Sector Panchkula >>Sector Ten Panchkula >>Sector Twelve A >>The Panchkula Urban Cooperative Bank Ltd.

MICR code for ICICI Sector 16

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Sector 16 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. 160229032 is the MICR code of Industrial Credit And Investment Corporation Of India for Sector 16 branch. MICR code for Sector 16 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 Sector 16 is presented in the table alongside.

Use of ICICI Bank MICR code for Sector 16 branch in panchkula

The MICR code 160229032 is used in RBI cheque clearing process to identify the branch Sector 16 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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