ICICI Maihar Satna Madhya Pradesh MICR CODE

Find MICR Codes for ICICI Maihar Satna Madhya Pradesh

MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Maa Sharda Mahila Nagrik Bank
Contact 233374
Bank Details Icici Bank Ltd Maa Sharda Mahila Nagrik Bank ICIC00MSMNB
Location Maihar, Satna
City Maihar
District Satna
State Madhya Pradesh
Pincode 485771
Country IN
Address Near ghanta ghar kamla market maihar
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 485002251 for Maa Sharda Mahila Nagrik Bank 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 485002251 of ICICI Bank, Maa Sharda Mahila Nagrik Bank branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Maa Sharda Mahila Nagrik Bank 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 -

>>Maa Sharda Mahila Nagrik Bank >>Maihar Madhya Pradesh

MICR code for ICICI Maa Sharda Mahila Nagrik Bank

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Maa Sharda Mahila Nagrik Bank 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. 485002251 is the MICR code of Industrial Credit And Investment Corporation Of India for Maa Sharda Mahila Nagrik Bank branch. MICR code for Maa Sharda Mahila Nagrik Bank 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 Maa Sharda Mahila Nagrik Bank is presented in the table alongside.

Use of ICICI Bank MICR code for Maa Sharda Mahila Nagrik Bank branch in maihar

The MICR code 485002251 is used in RBI cheque clearing process to identify the branch Maa Sharda Mahila Nagrik Bank 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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