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Icici Gangtok East Sikkim Sikkim MICR CODE

Find MICR Codes for Icici Gangtok East Sikkim Sikkim

MICR Code:
Bank: Icici Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Majitar
Contact:
Bank Details: Icici Bank Ltd Majitar ICIC0007420
Location: Gangtok, East Sikkim
City: Gangtok
District: East Sikkim
State: Sikkim
Pincode:
Country: IN
Address: Near canara bank nh10 majitar east sikkim 737136
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 Majitar 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, Majitar branch makes the system almost error free and faster. Use of Icici Bank MICR codes for Majitar 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 Majitar

Icici MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Icici Bank MICR code for Majitar 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 Majitar branch. MICR code for Majitar 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 Majitar is presented in the table alongside.

Use of Icici Bank MICR code for Majitar branch in gangtok

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