Central Bank Mon Mon Nagaland MICR CODE

Find MICR Codes for Central Bank Mon Mon Nagaland

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MICR Code
Bank Central Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Monyakshu
Contact 22-22637966
Bank Details Central Bank Of India Monyakshu CBIN0285147
Location Mon, Mon
City Mon
District Mon
State Nagaland
Pincode 798603
Country IN
Address Vill-monyakshu po/tehsil-tobu dist-mon state-nagaland pin code-798603
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 0 for Monyakshu 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 0 of Central Bank Of India, Monyakshu branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Monyakshu branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Central Bank Of India are available with micr code -

>>Monyakshu >>Tizit

MICR code for Central Bank Monyakshu

Central Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Central Bank Of India MICR code for Monyakshu 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. 0 is the MICR code of Central Bank India for Monyakshu branch. MICR code for Monyakshu 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 Central Bank Of India Monyakshu is presented in the table alongside.

Use of Central Bank Of India MICR code for Monyakshu branch in mon

The MICR code 0 is used in RBI cheque clearing process to identify the branch Monyakshu and Central Bank Of India 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 Central Bank India is typically in either of these two font’s: E-138 and CMC-7.

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