Nagar Urban Co-Operative Bank Ashwi Budruk Ahmadnagar Maharashtra MICR CODE

Find MICR Codes for Nagar Urban Co-Operative Bank Ashwi Budruk Ahmadnagar Maharashtra

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MICR Code	-NA-
Bank	Nagar Urban Co-operative Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ashwi
Contact	241150
Bank Details	Nagar Urban Co-operative Bank Ashwi NUCB0000116

Location	Ashwi Budruk, Ahmadnagar
City	Ashwi Budruk
District	Ahmadnagar
State	Maharashtra
Pincode	413714
Country	IN
Address	Bazar peth

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

A total of 1 branches of Nagar Urban Co-operative Bank are available with micr code -

>>Ashwi

MICR code for Nagar Urban Co-Operative Bank Ashwi

Nagar Urban Co-Operative Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Nagar Urban Co-Op Bank MICR code for Ashwi 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 Nagar Urban Bank for Ashwi branch. MICR code for Ashwi 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 Nagar Urban Co-Op Bank Ashwi is presented in the table alongside.

Use of Nagar Urban Co-Op Bank MICR code for Ashwi branch in ashwi budruk

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

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