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ICICI Jodhpur Jodhpur Rajasthan MICR CODE

Find MICR Codes for ICICI Jodhpur Jodhpur Rajasthan

MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bilara
Contact Shri Kishan Jangu,9351693723,,9314114731
Bank Details Icici Bank Ltd Bilara ICIC0006816
Location Jodhpur, Jodhpur
City Jodhpur
District Jodhpur
State Rajasthan
Pincode 342602
Country IN
Address Sinwa rd, bilara,342602
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 342229051 for Bilara 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 342229051 of ICICI Bank, Bilara branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Bilara branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ICICI Bilara

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Bilara 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. 342229051 is the MICR code of Industrial Credit And Investment Corporation Of India for Bilara branch. MICR code for Bilara 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 Bilara is presented in the table alongside.

Use of ICICI Bank MICR code for Bilara branch in jodhpur

The MICR code 342229051 is used in RBI cheque clearing process to identify the branch Bilara 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.