ICICI Mysore Mysore Karnataka MICR CODE

Find MICR Codes for ICICI Mysore Mysore Karnataka

MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Siddharthanagar Mysore
Contact Mr. Ravi Hulkoti 0821 4257443 / 09886744887
Bank Details Icici Bank Ltd Siddharthanagar Mysore ICIC0001429
Location Mysore, Mysore
City Mysore
District Mysore
State Karnataka
Pincode 570011
Country IN
Address Icici bank ltd., no.1/b,, buddha marg, siddhartha nagar, mysore - 570011, mysore dist., karnataka.
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 570229007 for Siddharthanagar Mysore 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 570229007 of ICICI Bank, Siddharthanagar Mysore branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Siddharthanagar Mysore branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ICICI Siddharthanagar Mysore

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Siddharthanagar Mysore 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. 570229007 is the MICR code of Industrial Credit And Investment Corporation Of India for Siddharthanagar Mysore branch. MICR code for Siddharthanagar Mysore 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 Siddharthanagar Mysore is presented in the table alongside.

Use of ICICI Bank MICR code for Siddharthanagar Mysore branch in mysore

The MICR code 570229007 is used in RBI cheque clearing process to identify the branch Siddharthanagar Mysore 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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