Nashik Merchant Bank Bhagur Nasik Maharashtra MICR CODE

Find MICR Codes for Nashik Merchant Bank Bhagur Nasik Maharashtra

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MICR Code	-NA-
Bank	The Nasik Merchants Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bhagur
Contact	0253 -2490040; Mr. Kothawade Bharat P -2490040
Bank Details	The Nasik Merchants Co-Op Bank Ltd Bhagur NMCB0000061

Location	Bhagur, Nasik
City	Bhagur
District	Nasik
State	Maharashtra
Pincode	422502
Country	IN
Address	Jain stanak building, ground floor, nehru path, at-post- bhagur, dist.nasik, maharashtra, pin - 422 502.

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

A total of 1 branches of The Nasik Merchants Co-Op Bank Ltd are available with micr code -

>>Bhagur

MICR code for Nashik Merchant Bank Bhagur

Nashik Merchant Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. NAMCO Bank MICR code for Bhagur 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 Nashik Merchant Cooperative Bank for Bhagur branch. MICR code for Bhagur 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 NAMCO Bank Bhagur is presented in the table alongside.

Use of NAMCO Bank MICR code for Bhagur branch in bhagur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Bhagur and NAMCO 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 Nashik Merchant Cooperative Bank is typically in either of these two font’s: E-138 and CMC-7.

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