Nainital Bank Bareilly Bareilly Uttar Pradesh MICR CODE

Find MICR Codes for Nainital Bank Bareilly Bareilly Uttar Pradesh

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MICR Code	243184001
Bank	Nainital Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bareilly
Contact	0581-2578520
Bank Details	Nainital Bank Ltd Bareilly NTBL0BAR022

Location	Bareilly, Bareilly
City	Bareilly
District	Bareilly
State	Uttar Pradesh
Pincode	243001
Country	IN
Address	46, civil lines, bareilly 243001 (u.p.)

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 243184001 for Bareilly 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 243184001 of Nainital Bank, Bareilly branch makes the system almost error free and faster. Use of Nainital Bank MICR codes for Bareilly branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Nainital Bank Ltd are available with micr code -

>>Bareilly >>Dohra Road Bareilly >>Faridpur >>Pawan Vihar Pilibhit Bypass Bareilly >>Prabhat Nagar Bareilly

MICR code for Nainital Bank Bareilly

Nainital Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Nainital Bank MICR code for Bareilly 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. 243184001 is the MICR code of Nainital Bank for Bareilly branch. MICR code for Bareilly 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 Nainital Bank Bareilly is presented in the table alongside.

Use of Nainital Bank MICR code for Bareilly branch in bareilly

The MICR code 243184001 is used in RBI cheque clearing process to identify the branch Bareilly and Nainital 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 Nainital Bank is typically in either of these two font’s: E-138 and CMC-7.

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