Nagar Urban Co-Operative Bank Parner Ahmadnagar Maharashtra MICR CODE

Find MICR Codes for Nagar Urban Co-Operative Bank Parner 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	Parner
Contact	221408
Bank Details	Nagar Urban Co-operative Bank Parner NUCB0000127

Location	Parner, Ahmadnagar
City	Parner
District	Ahmadnagar
State	Maharashtra
Pincode	414302
Country	IN
Address	Main road

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 Parner 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, Parner branch makes the system almost error free and faster. Use of Nagar Urban Co-Op Bank MICR codes for Parner 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 -

>>Parner

MICR code for Nagar Urban Co-Operative Bank Parner

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 Parner 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 Parner branch. MICR code for Parner 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 Parner is presented in the table alongside.

Use of Nagar Urban Co-Op Bank MICR code for Parner branch in parner

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