ICICI Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for ICICI Indore Indore Madhya Pradesh

MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Yashwant Niwas Road
Contact 7313299072
Bank Details Icici Bank Ltd Yashwant Niwas Road ICIC0003287
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 452003
Country IN
Address Icici bank ltd sanghi manor,g-1,g-2,plot no 6/2,yashwant niwas road
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 452229025 for Yashwant Niwas Road 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 452229025 of ICICI Bank, Yashwant Niwas Road branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Yashwant Niwas Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ICICI Yashwant Niwas Road

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Yashwant Niwas Road 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. 452229025 is the MICR code of Industrial Credit And Investment Corporation Of India for Yashwant Niwas Road branch. MICR code for Yashwant Niwas Road 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 Yashwant Niwas Road is presented in the table alongside.

Use of ICICI Bank MICR code for Yashwant Niwas Road branch in indore

The MICR code 452229025 is used in RBI cheque clearing process to identify the branch Yashwant Niwas Road 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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