ICICI Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for ICICI Indore Indore Madhya Pradesh

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vaishali Nagar
Contact Mr. Amit Shrivastava-099752097852
Bank Details Icici Bank Ltd Vaishali Nagar ICIC0002371
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 452002
Country IN
Address Icici bank ltd., plot no.328-329, part-4, slice-1, vaishali point, gopur square, ring road, indore - 452002, madhya pradesh
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 452229018 for Vaishali Nagar 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 452229018 of ICICI Bank, Vaishali Nagar branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Vaishali Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ICICI Vaishali Nagar

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Vaishali Nagar 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. 452229018 is the MICR code of Industrial Credit And Investment Corporation Of India for Vaishali Nagar branch. MICR code for Vaishali Nagar 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 Vaishali Nagar is presented in the table alongside.

Use of ICICI Bank MICR code for Vaishali Nagar branch in indore

The MICR code 452229018 is used in RBI cheque clearing process to identify the branch Vaishali Nagar 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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