Nashik Merchant Bank Lasalgaon Nasik Maharashtra MICR CODE

Find MICR Codes for Nashik Merchant Bank Lasalgaon Nasik Maharashtra

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MICR Code	422369152
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	Lasalgaon
Contact	02550-266942; 02550-266742; Mr. More A.R.
Bank Details	The Nasik Merchants Co-Op Bank Ltd Lasalgaon NMCB0000022

Location	Lasalgaon, Nasik
City	Lasalgaon
District	Nasik
State	Maharashtra
Pincode	422306
Country	IN
Address	A 3 to 8, radhai sankul, opp. Market yard, kotamgaon road, a/p lasalgaon, tal-niphad dist.-nashik 422306

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 422369152 for Lasalgaon 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 422369152 of NAMCO Bank, Lasalgaon branch makes the system almost error free and faster. Use of NAMCO Bank MICR codes for Lasalgaon 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 -

>>Lasalgaon

MICR code for Nashik Merchant Bank Lasalgaon

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 Lasalgaon 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. 422369152 is the MICR code of Nashik Merchant Cooperative Bank for Lasalgaon branch. MICR code for Lasalgaon 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 Lasalgaon is presented in the table alongside.

Use of NAMCO Bank MICR code for Lasalgaon branch in lasalgaon

The MICR code 422369152 is used in RBI cheque clearing process to identify the branch Lasalgaon 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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