ICICI Basoda Vidisha Madhya Pradesh MICR CODE

Find MICR Codes for ICICI Basoda Vidisha Madhya Pradesh

MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ambanagar
Contact Mr. Sanjeev Verma-07389943669
Bank Details Icici Bank Ltd Ambanagar ICIC0002731
Location Basoda, Vidisha
City Basoda
District Vidisha
State Madhya Pradesh
Pincode 464221
Country IN
Address Icici bank ltd., near bharat petrol pump, ambanagar chorah,ambanagar village, tehsil basoda, district            vidisha, madhya pradesh – 464221
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 464229503 for Ambanagar 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 464229503 of ICICI Bank, Ambanagar branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Ambanagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Icici Bank Ltd are available with micr code -

>>Ambanagar >>Basoda

MICR code for ICICI Ambanagar

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Ambanagar 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. 464229503 is the MICR code of Industrial Credit And Investment Corporation Of India for Ambanagar branch. MICR code for Ambanagar 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 Ambanagar is presented in the table alongside.

Use of ICICI Bank MICR code for Ambanagar branch in basoda

The MICR code 464229503 is used in RBI cheque clearing process to identify the branch Ambanagar 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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