Nainital Bank Delhi Delhi New Delhi MICR CODE

Find MICR Codes for Nainital Bank Delhi Delhi New Delhi

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MICR Code
Bank Nainital Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rohini Sector 16
Contact 011-27899070
Bank Details Nainital Bank Ltd Rohini Sector 16 NTBL0DEL073
Location Delhi, Delhi
City Delhi
District Delhi
State New Delhi
Pincode 110085
Country IN
Address E-4, sector 16, jain bharti model, public school, rohini, delhi 110085
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 110184016 for Rohini Sector 16 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 110184016 of Nainital Bank, Rohini Sector 16 branch makes the system almost error free and faster. Use of Nainital Bank MICR codes for Rohini Sector 16 branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Nainital Bank Rohini Sector 16

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 Rohini Sector 16 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. 110184016 is the MICR code of Nainital Bank for Rohini Sector 16 branch. MICR code for Rohini Sector 16 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 Rohini Sector 16 is presented in the table alongside.

Use of Nainital Bank MICR code for Rohini Sector 16 branch in delhi

The MICR code 110184016 is used in RBI cheque clearing process to identify the branch Rohini Sector 16 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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