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Thane District Bank Thane Thane Maharashtra MICR CODE

Find MICR Codes for Thane District Bank Thane Thane Maharashtra

MICR Code
Bank Thane District Central Co-operative Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Wagle Estate
Contact 022-400604
Bank Details Thane District Central Co-operative Bank Ltd Wagle Estate TDCB0000038
Location Thane, Thane
City Thane
District Thane
State Maharashtra
Pincode 400604
Country IN
Address Dhyan house building, shivaji nagar road no.3,wagle estate, pin code-400 604.
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 400524011 for Wagle Estate 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 400524011 of Thane District Central Bank, Wagle Estate branch makes the system almost error free and faster. Use of Thane District Central Bank MICR codes for Wagle Estate branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Thane District Bank Wagle Estate

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 Wagle Estate 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. 400524011 is the MICR code of Thane District Central Co-Op Bank for Wagle Estate branch. MICR code for Wagle Estate 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 Wagle Estate is presented in the table alongside.

Use of Thane District Central Bank MICR code for Wagle Estate branch in thane

The MICR code 400524011 is used in RBI cheque clearing process to identify the branch Wagle Estate 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.