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New India Bank Thane Thane Maharashtra MICR CODE

Find MICR Codes for New India Bank Thane Thane Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	400085017
Bank	New India Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mira Road
Contact	64532777/78/79
Bank Details	New India Co-Op Bank Ltd Mira Road NICB0000017

Location	Thane, Thane
City	Thane
District	Thane
State	Maharashtra
Pincode	401104
Country	IN
Address	Sector 4/a-2, shantinagar, mira road (e), dist. Thane 401 104

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 400085017 for Mira 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 400085017 of New India Co Op Bank, Mira Road branch makes the system almost error free and faster. Use of New India Co Op Bank MICR codes for Mira Road branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of New India Co-Op Bank Ltd are available with micr code -

>>Majiwade >>Mira Road >>Panchpakhadi >>Poonam Garden Mira Road >>Virar

MICR code for New India Bank Mira Road

New India Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. New India Co Op Bank MICR code for Mira 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. 400085017 is the MICR code of New India Co Operative Bank for Mira Road branch. MICR code for Mira 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 New India Co Op Bank Mira Road is presented in the table alongside.

Use of New India Co Op Bank MICR code for Mira Road branch in thane

The MICR code 400085017 is used in RBI cheque clearing process to identify the branch Mira Road and New India Co Op 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 New India Co Operative Bank is typically in either of these two font’s: E-138 and CMC-7.