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. Karnataka »
  3. bangalore urban »
  4. peenya »
  5. peenya

Find MICR Codes for ICICI

MICR Code: 560229065
Bank: Icici Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Peenya
Contact: A.Venkatareddy-7259014593
Bank Details: Icici Bank Ltd Peenya ICIC0001935
Location: Peenya, Bangalore Urban
City: Peenya
District: Bangalore Urban
State: Karnataka
Pincode: 560058
Country: IN
Address: Icici bank ltd., no 255 1st floor 8th cross 4 phase peenya industrial area bangalore

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 2 branches of Icici Bank Ltd are available with micr code

>>Margosa Road >>Peenya

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 peenya

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.