ICICI Bhandara Bhandara Maharashtra MICR CODE

Find MICR Codes for ICICI Bhandara Bhandara Maharashtra

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Virli Branch
Contact 0
Bank Details Icici Bank Ltd Virli Branch ICIC0004150
Location Bhandara, Bhandara
City Bhandara
District Bhandara
State Maharashtra
Pincode 441904
Country IN
Address Icici bank ltd at po-virli tah-lakhandur dist-bhandara maharashtra 441910
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 441229506 for Virli Branch 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 441229506 of ICICI Bank, Virli Branch branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Virli Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Icici Bank Ltd are available with micr code -

>>Nerla Branch >>Rmag Bhandara >>Virli Branch

MICR code for ICICI Virli Branch

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Virli Branch 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. 441229506 is the MICR code of Industrial Credit And Investment Corporation Of India for Virli Branch branch. MICR code for Virli Branch 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 Virli Branch is presented in the table alongside.

Use of ICICI Bank MICR code for Virli Branch branch in bhandara

The MICR code 441229506 is used in RBI cheque clearing process to identify the branch Virli Branch 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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