ICICI Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for ICICI Mumbai Greater Bombay Maharashtra

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Versova Link Road
Contact 9223600836
Bank Details Icici Bank Ltd Versova Link Road ICIC0003338
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400053
Country IN
Address Icici bank ltd,cts no.1311/2,plot b,savitri bai jotiba phule road,versova link road,andheri west 400053
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 400229274 for Versova Link Road 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 400229274 of ICICI Bank, Versova Link Road branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Versova Link Road branch, makes the characters readable even if there are other marks and stamps on it.

A total of 89 branches of Icici Bank Ltd are available with micr code -

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MICR code for ICICI Versova Link Road

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Versova Link Road 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. 400229274 is the MICR code of Industrial Credit And Investment Corporation Of India for Versova Link Road branch. MICR code for Versova Link Road 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 Versova Link Road is presented in the table alongside.

Use of ICICI Bank MICR code for Versova Link Road branch in mumbai

The MICR code 400229274 is used in RBI cheque clearing process to identify the branch Versova Link Road 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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