ICICI Siolim North Goa Goa MICR CODE

Find MICR Codes for ICICI Siolim North Goa Goa

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Siolim Goa
Contact Nester Faleiro 09822102476, Mahendrakumar Sahoo 9272187753, 832-2255125
Bank Details Icici Bank Ltd Siolim Goa ICIC0001542
Location Siolim, North Goa
City Siolim
District North Goa
State Goa
Pincode 403517
Country IN
Address Icici bank ltd., shop no.6,7 & 8, d'costa palms, porta vaddo, siolim-bardez, goa- 403517
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 403229017 for Siolim Goa 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 403229017 of ICICI Bank, Siolim Goa branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Siolim Goa 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 -

>>Siolim Goa

MICR code for ICICI Siolim Goa

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Siolim Goa 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. 403229017 is the MICR code of Industrial Credit And Investment Corporation Of India for Siolim Goa branch. MICR code for Siolim Goa 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 Siolim Goa is presented in the table alongside.

Use of ICICI Bank MICR code for Siolim Goa branch in siolim

The MICR code 403229017 is used in RBI cheque clearing process to identify the branch Siolim Goa 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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