ICICI Thane Thane Maharashtra MICR CODE

Find MICR Codes for ICICI Thane Thane Maharashtra

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MICR Code
Bank Icici Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kolshet Road
Contact Mr. Amit Surve-09819138842
Bank Details Icici Bank Ltd Kolshet Road ICIC0001888
Location Thane, Thane
City Thane
District Thane
State Maharashtra
Pincode 400607
Country IN
Address Icici bank ltd., ashar enclave, kolshet road, thane (w) - 400 607,  maharashtra.
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 400229213 for Kolshet 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 400229213 of ICICI Bank, Kolshet Road branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Kolshet Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ICICI Kolshet 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 Kolshet 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. 400229213 is the MICR code of Industrial Credit And Investment Corporation Of India for Kolshet Road branch. MICR code for Kolshet 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 Kolshet Road is presented in the table alongside.

Use of ICICI Bank MICR code for Kolshet Road branch in thane

The MICR code 400229213 is used in RBI cheque clearing process to identify the branch Kolshet 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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