NKGSB Bank Branch Head Hadapsar Maharashtra MICR CODE

Find MICR Codes for NKGSB Bank Branch Head Hadapsar Maharashtra

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MICR Code	411026261
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	Magarpatta
Contact
Bank Details	Nkgsb Co-Op Bank Ltd Magarpatta NKGS0000052

Location	Branch Head, Hadapsar
City	Branch Head
District	Hadapsar
State	Maharashtra
Pincode
Country	IN
Address	Shanti niketan,magarpatta city road,magarpatta, hadapsar, pune

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 411026261 for Magarpatta 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 411026261 of NKGSB Co Op Bank, Magarpatta branch makes the system almost error free and faster. Use of NKGSB Co Op Bank MICR codes for Magarpatta branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Nkgsb Co-Op Bank Ltd are available with micr code -

>>Magarpatta

MICR code for NKGSB Bank Magarpatta

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 Magarpatta 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. 411026261 is the MICR code of NKGSB Cooperative Bank for Magarpatta branch. MICR code for Magarpatta 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 Magarpatta is presented in the table alongside.

Use of NKGSB Co Op Bank MICR code for Magarpatta branch in branch head

The MICR code 411026261 is used in RBI cheque clearing process to identify the branch Magarpatta 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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