NKGSB Bank Bangalore Urban Bengaluru Karnataka MICR CODE

Find MICR Codes for NKGSB Bank Bangalore Urban Bengaluru Karnataka

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MICR Code	560086002
Bank	Nkgsb 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	Jayanagar
Contact	67545083
Bank Details	Nkgsb Co-Op Bank Ltd Jayanagar NKGS0000096

Location	Bangalore Urban, Bengaluru
City	Bangalore Urban
District	Bengaluru
State	Karnataka
Pincode	560041
Country	IN
Address	Gr.floor,new no.15,4th t block,18th main,jayanagar,bengaluru 560041

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 560086002 for Jayanagar 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 560086002 of NKGSB Co Op Bank, Jayanagar branch makes the system almost error free and faster. Use of NKGSB Co Op Bank MICR codes for Jayanagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Nkgsb Co-Op Bank Ltd are available with micr code -

>>Jayanagar >>Rajajinagar

MICR code for NKGSB Bank Jayanagar

NKGSB Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. NKGSB Co Op Bank MICR code for Jayanagar 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. 560086002 is the MICR code of NKGSB Cooperative Bank for Jayanagar branch. MICR code for Jayanagar 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 NKGSB Co Op Bank Jayanagar is presented in the table alongside.

Use of NKGSB Co Op Bank MICR code for Jayanagar branch in bangalore urban

The MICR code 560086002 is used in RBI cheque clearing process to identify the branch Jayanagar and NKGSB 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 NKGSB Cooperative Bank is typically in either of these two font’s: E-138 and CMC-7.

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