ICICI Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for ICICI Nagpur Nagpur Maharashtra

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Wardha Road
Contact Mr. Hridesh Loiya-09158006461
Bank Details Icici Bank Ltd Wardha Road ICIC0001866
Location Nagpur, Nagpur
City Nagpur
District Nagpur
State Maharashtra
Pincode 440010
Country IN
Address Icici bank ltd, near audi showroom, wardha road, somalwada sq, nagpur - 440010, maharashtra
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 440229019 for Wardha 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 440229019 of ICICI Bank, Wardha Road branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Wardha Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ICICI Wardha 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 Wardha 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. 440229019 is the MICR code of Industrial Credit And Investment Corporation Of India for Wardha Road branch. MICR code for Wardha 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 Wardha Road is presented in the table alongside.

Use of ICICI Bank MICR code for Wardha Road branch in nagpur

The MICR code 440229019 is used in RBI cheque clearing process to identify the branch Wardha 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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