Nainital Bank Shahbaznagar Shahjahanpur Uttar Pradesh MICR CODE

Find MICR Codes for Nainital Bank Shahbaznagar Shahjahanpur 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 Satwan Bujurg
Contact 7456001338
Bank Details Nainital Bank Ltd Satwan Bujurg NTBL0SAT138
Location Shahbaznagar, Shahjahanpur
City Shahbaznagar
District Shahjahanpur
State Uttar Pradesh
Pincode 242001
Country IN
Address Village satwan bujurg po shahbaznagar tehsil sadar distt shahjahanpur uttar pradesh 242001
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 242184003 for Satwan Bujurg 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 242184003 of Nainital Bank, Satwan Bujurg branch makes the system almost error free and faster. Use of Nainital Bank MICR codes for Satwan Bujurg 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 -

>>Satwan Bujurg

MICR code for Nainital Bank Satwan Bujurg

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 Satwan Bujurg 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. 242184003 is the MICR code of Nainital Bank for Satwan Bujurg branch. MICR code for Satwan Bujurg 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 Satwan Bujurg is presented in the table alongside.

Use of Nainital Bank MICR code for Satwan Bujurg branch in shahbaznagar

The MICR code 242184003 is used in RBI cheque clearing process to identify the branch Satwan Bujurg 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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