ICICI Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for ICICI Madurai Madurai Tamil Nadu

MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Madurai Teppakulam
Contact Nachiappan Al, 0452-2310025 , 9442684230
Bank Details Icici Bank Ltd Madurai Teppakulam ICIC0000562
Location Madurai, Madurai
City Madurai
District Madurai
State Tamil Nadu
Pincode 625009
Country IN
Address Icici bank ltd., thiagarajar arts college, campus, teppakulam, madurai. 625009.
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 625229012 for Madurai Teppakulam 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 625229012 of ICICI Bank, Madurai Teppakulam branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Madurai Teppakulam branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ICICI Madurai Teppakulam

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Madurai Teppakulam 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. 625229012 is the MICR code of Industrial Credit And Investment Corporation Of India for Madurai Teppakulam branch. MICR code for Madurai Teppakulam 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 Madurai Teppakulam is presented in the table alongside.

Use of ICICI Bank MICR code for Madurai Teppakulam branch in madurai

The MICR code 625229012 is used in RBI cheque clearing process to identify the branch Madurai Teppakulam 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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