Nainital Bank Kapkote Bageshwar Uttrakhand MICR CODE

Find MICR Codes for Nainital Bank Kapkote Bageshwar Uttrakhand

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MICR Code	-NA-
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	Kapkote
Contact	05963-253472
Bank Details	Nainital Bank Ltd Kapkote NTBL0KAP089

Location	Kapkote, Bageshwar
City	Kapkote
District	Bageshwar
State	Uttrakhand
Pincode	263632
Country	IN
Address	New thsil road ,kapkoat,263632, uttarakhand

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

A total of 1 branches of Nainital Bank Ltd are available with micr code -

>>Kapkote

MICR code for Nainital Bank Kapkote

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 Kapkote 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 Nainital Bank for Kapkote branch. MICR code for Kapkote 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 Kapkote is presented in the table alongside.

Use of Nainital Bank MICR code for Kapkote branch in kapkote

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