ICICI Raipur Raipur Chhattisgarh MICR CODE

Find MICR Codes for ICICI Raipur Raipur Chhattisgarh

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	Icici Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Nawapara
Contact	0
Bank Details	Icici Bank Ltd Nawapara ICIC0007834

Location	Raipur, Raipur
City	Raipur
District	Raipur
State	Chhattisgarh
Pincode	493881
Country	IN
Address	Icici bank ltd mahavir plaza khasra no 857 ganj road nawapara rajim chhattisgarh pin 493881

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 0 for Nawapara 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 0 of ICICI Bank, Nawapara branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Nawapara branch, makes the characters readable even if there are other marks and stamps on it.

A total of 24 branches of Icici Bank Ltd are available with micr code -

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MICR code for ICICI Nawapara

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Nawapara 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 Nawapara branch. MICR code for Nawapara 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 Nawapara is presented in the table alongside.

Use of ICICI Bank MICR code for Nawapara branch in raipur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Nawapara 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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