Nainital Bank Pilibhit Pilibhit Uttar Pradesh MICR CODE

Find MICR Codes for Nainital Bank Pilibhit Pilibhit Uttar Pradesh

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MICR Code
Bank Nainital Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pilibhit
Contact 05882-255414
Bank Details Nainital Bank Ltd Pilibhit NTBL0PIL021
Location Pilibhit, Pilibhit
City Pilibhit
District Pilibhit
State Uttar Pradesh
Pincode 262001
Country IN
Address Station road, pilibhit 262001 (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 0 for Pilibhit 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, Pilibhit branch makes the system almost error free and faster. Use of Nainital Bank MICR codes for Pilibhit 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 -

>>Pilibhit

MICR code for Nainital Bank Pilibhit

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

Use of Nainital Bank MICR code for Pilibhit branch in pilibhit

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