MICR Code Bank
Find MICR code for Citibank branches in India for NEFT and RTGS transfer

Citibank MICR CODE

Find MICR Codes for Citibank

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Find MICR Codes for Citibank

MICR Code: 500037002
Bank: Citibank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Hyderabad
Contact: 022-40005706/022-40005922/022-28446390/022-40015618
Bank Details: Citibank Hyderabad CITI0000006
Location: Hyderabad, Hyderabad Urban
City: Hyderabad
District: Hyderabad Urban
State: Andhra Pradesh
Pincode: 500016
Country: IN
Address: G-pulla reddy building, north wing, greenlands road, begumpet, hyderabad - 500016

How does MICR code for 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 of City Bank, branch makes the system almost error free and faster. Use of City Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Citibank are available with micr code

>>Hyderabad

MICR code for Citibank

Citibank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. City Bank MICR code for 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. is the MICR code of Citibank India for branch. MICR code for 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 City Bank is presented in the table alongside.

Use of City Bank MICR code for branch in hyderabad

The MICR code is used in RBI cheque clearing process to identify the branch and City 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 Citibank India is typically in either of these two font’s: E-138 and CMC-7.