NKGSB Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for NKGSB Bank Pune Pune Maharashtra

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MICR Code
Bank Nkgsb Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Wakad
Contact Branch Head 020-65321951
Bank Details Nkgsb Co-Op Bank Ltd Wakad NKGS0000071
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411057
Country IN
Address 129/2/6-8, sai heritage,bhumkar chowk , near chandramauli garden, wakad, pune - 411057
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 Wakad 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 NKGSB Co Op Bank, Wakad branch makes the system almost error free and faster. Use of NKGSB Co Op Bank MICR codes for Wakad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Nkgsb Co-Op Bank Ltd are available with micr code -

>>Aundh >>Fergusson College Road >>Kothrud >>Narayanpeth >>Paud Road >>Pimple Saudagar >>Wakad

MICR code for NKGSB Bank Wakad

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 Wakad 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 NKGSB Cooperative Bank for Wakad branch. MICR code for Wakad 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 Wakad is presented in the table alongside.

Use of NKGSB Co Op Bank MICR code for Wakad branch in pune

The MICR code 0 is used in RBI cheque clearing process to identify the branch Wakad 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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