Indusind Bank Thane Thane Maharashtra MICR CODE

Find MICR Codes for Indusind Bank Thane Thane Maharashtra

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vasant Vihar Thane
Contact 21715064
Bank Details Indusind Bank Ltd Vasant Vihar Thane INDB0000846
Location Thane, Thane
City Thane
District Thane
State Maharashtra
Pincode 400610
Country IN
Address Grd flr shop 1 2 3 wing a vasundhara chs gladys alwares rd vasant vihar thane w 400610 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 400234045 for Vasant Vihar Thane 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 400234045 of Indus Bank, Vasant Vihar Thane branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Vasant Vihar Thane branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Vasant Vihar Thane

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 Vasant Vihar Thane 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. 400234045 is the MICR code of Indusind Bank for Vasant Vihar Thane branch. MICR code for Vasant Vihar Thane 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 Vasant Vihar Thane is presented in the table alongside.

Use of Indus Bank MICR code for Vasant Vihar Thane branch in thane

The MICR code 400234045 is used in RBI cheque clearing process to identify the branch Vasant Vihar Thane 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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