An important identification number used in the banking sector is the MICR code ICICI Bank. Magnetic Ink Character Recognition, or MICR, is the term used to describe the technology used for reading and processing the data on cheques. An exclusive MICR number is given to each ICICI Bank branch, which aids in the identification and authentication of checks. Scroll down to learn more about MICR code in ICICI.
What is MICR Code of ICICI Bank?
The bank account number and other information are typically printed at the bottom of a cheque, along with the nine digits MICR code.
The cheque clearing procedure is accelerated significantly by the MICR code.
When a cheque is deposited at the ICICI Bank, the magnetic ink character recognition device automatically reads the code and extracts the necessary data for further processing.
By eliminating the requirement for manual data entry, the MICR improves efficiency while lowering the possibility of human mistakes.
Let’s go through the MICR code of a few lists of ICICI Bank branches below:
| ICICI Bank Branch | MICR Code |
|---|---|
Bangalore M G Road |
560229057 |
Bangalore K G |
332229003 |
Thanisandra |
560229088 |
Ashok Vihar Phase 1, Delhi |
110229250 |
New Delhi Anand Vihar |
110229045 |
New Delhi Connaught Place |
110229002 |
MICR code serves as a distinctive identifier for ICICI Bank branches, enabling smooth communication and coordination during transactions across other banks. I hope you got an idea of what is MICR code in ICICI bank.
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What is MICR Code of ICICI Bank?
Takshil
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2023-07-31T12:53:44+00:00 2023-07-31T13:19:34+00:00Comment
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