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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, chandigarh branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for chandigarh branch, makes the characters readable even if there are other marks and stamps on it.
>>Chandigarh >>Chandigarh >>Chandigarh (Sector 38) >>Chandigarh Industrial Area >>Chandigarh Manimajra >>Chandigarh Sector 17 Chandigarh >>Chandigarh Sector 19 Chandigarh >>Chandigarh Sector 26 Chandigarh >>Chandigarh Sector 32 >>Chandigarh Sector 34 A >>Chandigarh Sector 35C >>Chandigarh Sector 9 Chandigarh >>Chandigarh Sector 9C >>Chandigarh Sector D >>Chandigarh Sector D >>Chandigarh Sps >>Chd Sector >>Industrial Area Phase Two >>Ludhiana Jamalpur >>Manimajra >>Rpc Chandigarh >>Sec 36 D Chandigarh >>Sec Twenty Nine D >>Sector 15 C Chandigarh >>Sector 22C >>Sector 34A Chandigarh >>Sector 46 Chandigarh >>Sector B >>Sector D Chandigarh >>Sector Fourty Seven Chandigarh >>Sector Fourtythree Chandigarh >>Sector Nine D Inner Market >>Sector Seven C Chandigarh >>Sector Twenty One Chandigarh
ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for chandigarh 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 chandigarh branch. MICR code for chandigarh 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 chandigarh is presented in the table alongside.
The MICR code 0 is used in RBI cheque clearing process to identify the branch chandigarh 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.