ICICI Usgaon North Goa Goa MICR CODE

Find MICR Codes for ICICI Usgaon North Goa Goa

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MICR Code	403229029
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	Usgaon
Contact	7757020451
Bank Details	Icici Bank Ltd Usgaon ICIC0002612

Location	Usgaon, North Goa
City	Usgaon
District	North Goa
State	Goa
Pincode	403406
Country	IN
Address	Bnnrnrhhuburunn403406

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 403229029 for Usgaon 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 403229029 of ICICI Bank, Usgaon branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Usgaon 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 -

>>Usgaon

MICR code for ICICI Usgaon

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Usgaon 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. 403229029 is the MICR code of Industrial Credit And Investment Corporation Of India for Usgaon branch. MICR code for Usgaon 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 Usgaon is presented in the table alongside.

Use of ICICI Bank MICR code for Usgaon branch in usgaon

The MICR code 403229029 is used in RBI cheque clearing process to identify the branch Usgaon 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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