Indusind Bank Vasai Thane Maharashtra MICR CODE

Find MICR Codes for Indusind Bank Vasai Thane Maharashtra

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MICR Code	400234019
Bank	Indusind Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Vasai
Contact	0250 2330005/9/21, 2330100
Bank Details	Indusind Bank Ltd Vasai INDB0000237

Location	Vasai, Thane
City	Vasai
District	Thane
State	Maharashtra
Pincode	401202
Country	IN
Address	Shop no. S-30/31/8, gopal chs, ambadi main road, nr bhaji market, vasai (w), thane – 401202.

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 400234019 for Vasai 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 400234019 of Indus Bank, Vasai branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Vasai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Indusind Bank Ltd are available with micr code -

>>Vasai

MICR code for Indusind Bank Vasai

Indusind Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Indus Bank MICR code for Vasai 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. 400234019 is the MICR code of Indusind Bank for Vasai branch. MICR code for Vasai 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 Indus Bank Vasai is presented in the table alongside.

Use of Indus Bank MICR code for Vasai branch in vasai

The MICR code 400234019 is used in RBI cheque clearing process to identify the branch Vasai and Indus 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 Indusind Bank is typically in either of these two font’s: E-138 and CMC-7.

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