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 Thane Raymond
Contact -
Bank Details Icici Bank Ltd Thane Raymond ICIC0005958
Location Thane, Thane
City Thane
District Thane
State Maharashtra
Pincode 400606
Country IN
Address Shop no. 52, ground floor, ten x vibes raymond, pokhran road no. 1,thane west, maharashtra 400606
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 Thane Raymond 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, Thane Raymond branch makes the system almost error free and faster. Use of ICICI Bank MICR codes for Thane Raymond branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for ICICI Thane Raymond

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

Use of ICICI Bank MICR code for Thane Raymond branch in thane

The MICR code 0 is used in RBI cheque clearing process to identify the branch Thane Raymond 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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