ICICI Patiala Patiala Punjab MICR CODE

Find MICR Codes for ICICI Patiala Patiala Punjab

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Thapar University Patiala
Contact 0
Bank Details Icici Bank Ltd Thapar University Patiala ICIC0003981
Location Patiala, Patiala
City Patiala
District Patiala
State Punjab
Pincode 147004
Country IN
Address Icici bank ltd.post box no 32 thapar university bhadson road patiala 147004
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 147229006 for Thapar University Patiala 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 147229006 of ICICI Bank, Thapar University Patiala branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Thapar University Patiala branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of Icici Bank Ltd are available with micr code -

>>Dlf Colony >>Nabha Road Patiala Branch >>Patiala >>Patiala Chotti Baradari >>Patiala Urban Estate >>Patialasheran Wala Gate >>Rajpura >>Thapar University Patiala

MICR code for ICICI Thapar University Patiala

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Thapar University Patiala 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. 147229006 is the MICR code of Industrial Credit And Investment Corporation Of India for Thapar University Patiala branch. MICR code for Thapar University Patiala 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 Thapar University Patiala is presented in the table alongside.

Use of ICICI Bank MICR code for Thapar University Patiala branch in patiala

The MICR code 147229006 is used in RBI cheque clearing process to identify the branch Thapar University Patiala 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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