MICR Code Bank
Find MICR code for ICICI branches in India for NEFT and RTGS transfer

ICICI MICR CODE

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  1. Icici Bank Ltd »
  2. Maharashtra »
  3. greater bombay »
  4. mumbai »
  5. sector 20 nerul

Find MICR Codes for ICICI

MICR Code: 400229224
Bank: Icici Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Sector 20 Nerul
Contact: Mr. Pawan Malwi-8879653530
Bank Details: Icici Bank Ltd Sector 20 Nerul ICIC0001884
Location: Mumbai, Greater Bombay
City: Mumbai
District: Greater Bombay
State: Maharashtra
Pincode: 400706
Country: IN
Address: Icici bank ltd., kalash sankalp chs, plot no. C3, 4,27 & 30, sector 20, nerul (w), navi mumbai- 400706, maharashtra

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

A total of 89 branches of Icici Bank Ltd are available with micr code

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MICR code for ICICI

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

Use of ICICI Bank MICR code for branch in mumbai

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