IDFC Thane Thane Maharashtra MICR CODE

Find MICR Codes for IDFC Thane Thane Maharashtra

MICR Code
Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ghodbunder Roadthane Branch
Contact 7506669797
Bank Details IDFC Bank Ltd Ghodbunder Roadthane Branch IDFB0040108
Location Thane, Thane
City Thane
District Thane
State Maharashtra
Pincode 400607
Country IN
Address Ground floor & mezzanine floor,shop no 21,dosti imperia building,ghodbunder road thane,400610
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 400751008 for Ghodbunder Roadthane Branch 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 400751008 of IDFC Bank, Ghodbunder Roadthane Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Ghodbunder Roadthane Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDFC Ghodbunder Roadthane Branch

IDFC MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDFC Bank MICR code for Ghodbunder Roadthane Branch 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. 400751008 is the MICR code of IDFC for Ghodbunder Roadthane Branch branch. MICR code for Ghodbunder Roadthane Branch 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 IDFC Bank Ghodbunder Roadthane Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Ghodbunder Roadthane Branch branch in thane

The MICR code 400751008 is used in RBI cheque clearing process to identify the branch Ghodbunder Roadthane Branch and IDFC 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 IDFC is typically in either of these two font’s: E-138 and CMC-7.

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