ICICI Chandrapur Waroda Maharashtra MICR CODE

Find MICR Codes for ICICI Chandrapur Waroda Maharashtra

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Warora
Contact -
Bank Details Icici Bank Ltd Warora ICIC0008442
Location Chandrapur, Waroda
City Chandrapur
District Waroda
State Maharashtra
Pincode
Country IN
Address Icici bank ltd, ground floor, survey no 41 924, mouza tehsil warora, dist chandrapur
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 0 for Warora 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 0 of ICICI Bank, Warora branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Warora 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 -

>>Warora

MICR code for ICICI Warora

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Warora 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. 0 is the MICR code of Industrial Credit And Investment Corporation Of India for Warora branch. MICR code for Warora 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 Warora is presented in the table alongside.

Use of ICICI Bank MICR code for Warora branch in chandrapur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Warora 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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