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ICICI Gangtok East Sikkim Sikkim MICR CODE

Find MICR Codes for ICICI Gangtok East Sikkim Sikkim

Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gangtok
Contact Phone - 022 - 67574314 / 4322
Bank Details Icici Bank Ltd Gangtok ICIC0000470
Location Gangtok, East Sikkim
City Gangtok
District East Sikkim
State Sikkim
Pincode 737101
Country IN
Address M.g marg, gangtok 737101
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 0 for Gangtok 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 0 of ICICI Bank, Gangtok branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Gangtok 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 -

>>Gangtok >>Majitar

MICR code for ICICI Gangtok

ICICI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ICICI Bank MICR code for Gangtok 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. 0 is the MICR code of Industrial Credit And Investment Corporation Of India for Gangtok branch. MICR code for Gangtok 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 Gangtok is presented in the table alongside.

Use of ICICI Bank MICR code for Gangtok branch in gangtok

The MICR code 0 is used in RBI cheque clearing process to identify the branch Gangtok 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.