ICICI Shamgarh Mandsaur Madhya Pradesh MICR CODE

Find MICR Codes for ICICI Shamgarh Mandsaur Madhya Pradesh

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MICR Code	458229501
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	Shamgarh
Contact	Mahesh Kumar S Rathore
Bank Details	Icici Bank Ltd Shamgarh ICIC0006584

Location	Shamgarh, Mandsaur
City	Shamgarh
District	Mandsaur
State	Madhya Pradesh
Pincode	458883
Country	IN
Address	Shankar kunj, subhash marg, ward no. 10, shamgarh - 458883, mandsaur dist.

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 458229501 for Shamgarh 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 458229501 of ICICI Bank, Shamgarh branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Shamgarh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Icici Bank Ltd are available with micr code -

>>Shamgarh

MICR code for ICICI Shamgarh

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Shamgarh 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. 458229501 is the MICR code of Industrial Credit And Investment Corporation Of India for Shamgarh branch. MICR code for Shamgarh 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 Shamgarh is presented in the table alongside.

Use of ICICI Bank MICR code for Shamgarh branch in shamgarh

The MICR code 458229501 is used in RBI cheque clearing process to identify the branch Shamgarh 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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