ICICI Ranchi Tamar Jharkhand MICR CODE

Find MICR Codes for ICICI Ranchi Tamar Jharkhand

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Tamar
Contact 0
Bank Details Icici Bank Ltd Tamar ICIC0008427
Location Ranchi, Tamar
City Ranchi
District Tamar
State Jharkhand
Pincode 835225
Country IN
Address Icici bank ltd, ground floor, tamar bazaar, ranchi, khunti road, tamar, jharkhand 835225
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 0 for Tamar 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 0 of ICICI Bank, Tamar branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Tamar 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 -

>>Tamar

MICR code for ICICI Tamar

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Tamar 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. 0 is the MICR code of Industrial Credit And Investment Corporation Of India for Tamar branch. MICR code for Tamar 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 Tamar is presented in the table alongside.

Use of ICICI Bank MICR code for Tamar branch in ranchi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Tamar 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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