MICR Code Bank
Find MICR code for Nainital Bank branches in India for NEFT and RTGS transfer

Nainital Bank MICR CODE

Find MICR Codes for Nainital Bank

Selected Bank + -

  

Selected State + -

  

Selected District + -

  

Selected City + -

  

Selected Branch + -

  
  1. Nainital Bank Ltd »
  2. Uttrakhand »
  3. udham singh nagar »
  4. sitarganj »
  5. nanakmatta

Find MICR Codes for Nainital Bank

MICR Code: 262184501
Bank: Nainital Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Nanakmatta
Contact: 7456001348
Bank Details: Nainital Bank Ltd Nanakmatta NTBL0NAN140
Location: Sitarganj, Udham Singh Nagar
City: Sitarganj
District: Udham Singh Nagar
State: Uttrakhand
Pincode: 262311
Country: IN
Address: Shri gyan ganga bhawan, near police station, po nanakmatta, tehsil sitarganj, pin 262311

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

A total of 2 branches of Nainital Bank Ltd are available with micr code

>>Nanakmatta >>Sitarganj

MICR code for Nainital Bank

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

Use of Nainital Bank MICR code for branch in sitarganj

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