NSDL Payments Bank Limited MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. It is used to identify the bank branch to which the cheque belongs. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR technology speeds up the whole process compared to manual reading and sorting. MICR code for NSDL Payments Bank Limited is present at the bottom of every cheque leaf.
NSDL Payments Bank Limited MICR codes are given in the table alongside. Along with the MICR code, details like address and contact numbers are also provided. You can narrow down your search either by selecting any particular state from the drop down list or by selecting the state from NSDL Payments Bank Limited MICR codes list given on the right side. One can find MICR codes for all NSDL Payments Bank Limited branches here.
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 NSDL Payments Bank Limited is typically in either of these two fonts: E-138 and CMC-7. The MICR code allows the characters to be read reliably even if they are over-printed or concealed by stamps and signatures. This makes the system very efficient. This code is used By RBI (Reserve bank Of India) in clearing process to identify the branch and NSDL Payments Bank Limited