ICICI Bhopal Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for ICICI Bhopal Bhopal Madhya Pradesh

MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bawadiya Kalan
Contact 9203900605
Bank Details Icici Bank Ltd Bawadiya Kalan ICIC0003271
Location Bhopal, Bhopal
City Bhopal
District Bhopal
State Madhya Pradesh
Pincode 462023
Country IN
Address 334,ward no 52 rohit nagar bawadiyakalan bhopal mp 462023
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 462229023 for Bawadiya Kalan 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 462229023 of ICICI Bank, Bawadiya Kalan branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Bawadiya Kalan branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ICICI Bawadiya Kalan

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Bawadiya Kalan 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. 462229023 is the MICR code of Industrial Credit And Investment Corporation Of India for Bawadiya Kalan branch. MICR code for Bawadiya Kalan 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 Bawadiya Kalan is presented in the table alongside.

Use of ICICI Bank MICR code for Bawadiya Kalan branch in bhopal

The MICR code 462229023 is used in RBI cheque clearing process to identify the branch Bawadiya Kalan 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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