ICICI Hyderabad Hyderabad Telangana MICR CODE

Find MICR Codes for ICICI Hyderabad Hyderabad Telangana

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MICR Code	500229085
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	Suchitra
Contact	0
Bank Details	Icici Bank Ltd Suchitra ICIC0003845

Location	Hyderabad, Hyderabad
City	Hyderabad
District	Hyderabad
State	Telangana
Pincode	500055
Country	IN
Address	Plot no 44 opp to mee seva venkateshwara enclave suchitra junction hyderabad 67

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 500229085 for Suchitra 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 500229085 of ICICI Bank, Suchitra branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Suchitra branch, makes the characters readable even if there are other marks and stamps on it.

A total of 107 branches of Icici Bank Ltd are available with micr code -

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MICR code for ICICI Suchitra

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Suchitra 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. 500229085 is the MICR code of Industrial Credit And Investment Corporation Of India for Suchitra branch. MICR code for Suchitra 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 Suchitra is presented in the table alongside.

Use of ICICI Bank MICR code for Suchitra branch in hyderabad

The MICR code 500229085 is used in RBI cheque clearing process to identify the branch Suchitra 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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