How does MICR code for head office 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 of Thane District Central Bank, head office branch makes the system almost error free and faster. Use of Thane District Central Bank MICR codes for head office branch, makes the characters readable even if there are other marks and stamps on it.
A total of 16 branches of Thane District Central Co-operative Bank Ltd are available with micr code
Thane District Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Thane District Central Bank MICR code for head office 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. is the MICR code of Thane District Central Co-Op Bank for head office branch. MICR code for head office 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 Thane District Central Bank head office is presented in the table alongside.
Use of Thane District Central Bank MICR code for head office branch in thane
The MICR code is used in RBI cheque clearing process to identify the branch head office and Thane District Central 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 Thane District Central Co-Op Bank is typically in either of these two font’s: E-138 and CMC-7.