ICICI Vishakhapatnam Visakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for ICICI Vishakhapatnam Visakhapatnam Andhra Pradesh

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sujathanagar
Contact 7093876654
Bank Details Icici Bank Ltd Sujathanagar ICIC0004282
Location Vishakhapatnam, Visakhapatnam
City Vishakhapatnam
District Visakhapatnam
State Andhra Pradesh
Pincode 530051
Country IN
Address Dno-10-44, below indian overseas bank, sujathanagar, pendurthi, visakhapatnam-530051.
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 530229015 for Sujathanagar 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 530229015 of ICICI Bank, Sujathanagar branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Sujathanagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ICICI Sujathanagar

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Sujathanagar 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. 530229015 is the MICR code of Industrial Credit And Investment Corporation Of India for Sujathanagar branch. MICR code for Sujathanagar 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 Sujathanagar is presented in the table alongside.

Use of ICICI Bank MICR code for Sujathanagar branch in vishakhapatnam

The MICR code 530229015 is used in RBI cheque clearing process to identify the branch Sujathanagar 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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