Nainital Bank Jaipur Jaipur Rajasthan MICR CODE

Find MICR Codes for Nainital Bank Jaipur Jaipur Rajasthan

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MICR Code
Bank Nainital Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Raja Park Jaipur
Contact 2617978
Bank Details Nainital Bank Ltd Raja Park Jaipur NTBL0JAI125
Location Jaipur, Jaipur
City Jaipur
District Jaipur
State Rajasthan
Pincode 302007
Country IN
Address D-67 govind marg raja park, ice factory, adarsh nagar, jaipur rajasthan
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 302184003 for Raja Park Jaipur 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 302184003 of Nainital Bank, Raja Park Jaipur branch makes the system almost error free and faster. Use of Nainital Bank MICR codes for Raja Park Jaipur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Nainital Bank Ltd are available with micr code -

>>Jaipur >>Kotputli >>Raja Park Jaipur

MICR code for Nainital Bank Raja Park Jaipur

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 Raja Park Jaipur 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. 302184003 is the MICR code of Nainital Bank for Raja Park Jaipur branch. MICR code for Raja Park Jaipur 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 Raja Park Jaipur is presented in the table alongside.

Use of Nainital Bank MICR code for Raja Park Jaipur branch in jaipur

The MICR code 302184003 is used in RBI cheque clearing process to identify the branch Raja Park Jaipur 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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