MICR Code Bank
Find MICR code for ICICI branches in India for NEFT and RTGS transfer

ICICI MICR CODE

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  1. Icici Bank Ltd »
  2. Goa »
  3. north goa »
  4. panaji »
  5. panaji taleigao

Find MICR Codes for ICICI

MICR Code: 403229022
Bank: Icici Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Panaji Taleigao
Contact: Mr. Avinash Manerikar-. 09422077533
Bank Details: Icici Bank Ltd Panaji Taleigao ICIC0001983
Location: Panaji, North Goa
City: Panaji
District: North Goa
State: Goa
Pincode: 403002
Country: IN
Address: Icici bank ltd. Shop no.7,8,9&10,ravalnath estate, opp. Football ground, near taleigao panchyat , taleigao, panaji - 403002, north goa dist., goa

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

A total of 6 branches of Icici Bank Ltd are available with micr code

>>Panaji >>Panaji Caranzlem Goa >>Panaji Patto Plaza Goa >>Panaji Taleigao >>Panjim >>Santa Cruz

MICR code for ICICI

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

Use of ICICI Bank MICR code for branch in panaji

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