The full form of MICR is Magnetic Ink Character Recognition technology. The primary need for this innovation is to authenticate the originality and legality of paper based documents in the banking system and is majorly used on cheques. In terms of their real-world importance, MICR stands on par with IFSC where transfer of funds using NEFT or IMPS is concerned..

MICR code imbibes the cutting-edge character recognition technology that is used by banks to authenticate the clearance of cheques and other such documents. MICR code itself can be seen placed on the bottom strip of the cheque and includes such details as the bank code, account details, cheque number and amount, alongside a control indicator. The principal advantage of this system is that unlike similar concepts like barcodes, MICR can be easily distinguished and read by humans.

What is the use of MICR code?

MICR is a technology that helps in verifying the originality of cheques or other paper documents. It is used mainly by banks to process cheques faster. The MICR code helps RBI in identifying the bank branch.

What is Icici Bank Limited MICR Code?

Magnetic Ink Character Recognition (MICR) is a printing technology that is used to print alpha-numeric details. MICR Code is printed on cheques and they allow the cheque to be processed easily.

Kolkata Moulali West Bengal Branch Information

Indian Financial System Code, Magnetic Ink Character Recognition, SWIFT Code, Address and Contact number of Icici Bank Limited - Kolkata Moulali West Bengal branch in [ditrict]  district which is in the state of West Bengal. Branch office and ATM location.

What is  Icici Bank Limited Kolkata Moulali West Bengal RTGS?

Real Time Gross Settlement (RTGS) is a fund transfer mechanism which is used to transfer money from one bank to another. This gross basis transfer happens in realtime, hence the name. Minimum amount that can be transferred through RTGS is Rs. 2,00,000. Fees to process RTGS will be applicable.

What is  Icici Bank Limited Kolkata Moulali West Bengal NEFT?

National Electronic Fund Transfer (NEFT) is an online money transfer system which is supported by RBI. NEFT is used for medium and small amount transfer between accounts and banks. There is no minimum amount limit to send money via NEFT.

Icici Bank Limited Kolkata Moulali West Bengal 700229062 micr code, Icici Bank Limited 700229062 micrcode, MICR Code 700229062Icici Bank Limited Kolkata Moulali West Bengal Kolkata, MICR Code of Kolkata Moulali West Bengal Icici Bank Limited 700229062, Icici Bank Limited 700229062 MICR Code Kolkata Moulali West Bengal.