ICICI Patna Patna Bihar MICR CODE

Find MICR Codes for ICICI Patna Patna Bihar

MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Saguna More
Contact 9771430624
Bank Details Icici Bank Ltd Saguna More ICIC0003339
Location Patna, Patna
City Patna
District Patna
State Bihar
Pincode 801503
Country IN
Address Icici bank ltd, ds business park, baily road, saguna more, danapur.
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 800229015 for Saguna More 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 800229015 of ICICI Bank, Saguna More branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Saguna More branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ICICI Saguna More

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Saguna More 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. 800229015 is the MICR code of Industrial Credit And Investment Corporation Of India for Saguna More branch. MICR code for Saguna More 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 Saguna More is presented in the table alongside.

Use of ICICI Bank MICR code for Saguna More branch in patna

The MICR code 800229015 is used in RBI cheque clearing process to identify the branch Saguna More 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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