Nashik Merchant Bank Lasalgaon Nasik Maharashtra MICR CODE

Find MICR Codes for Nashik Merchant Bank Lasalgaon Nasik Maharashtra

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MICR Code
Bank The Nasik Merchants Co-Op Bank Ltd
Business Hours
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.

Search Nashik Merchant Bank MICR Codes in nasik

You can search through MICR Codes of Maharashtra branches in lasalgaon of District nasik in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Lasalgaon

How to find MICR codes for Nashik Merchant Bank in lasalgaon?

Nashik Merchant Bank lasalgaon MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From NAMCO Bank MICR codes list for lasalgaon, one can further search by branch name specified in the table. You can find MICR codes for all Nashik Merchant Bank lasalgaon branches.

NAMCO Bank MICR code in lasalgaon

Nashik Merchant Bank MICR code is a character recognition technology used by banks in the processing of cheques. NAMCO Bank MICR code for lasalgaon branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Nashik Merchant Cooperative Bank branches in lasalgaon, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Nashik Merchant Cooperative Bank MICR code for lasalgaon branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Nashik Merchant Bank lasalgaon branch, sprinted 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. Thus MICR code for NAMCO Bank lasalgaon branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Nashik Merchant Cooperative Bank MICR codes for lasalgaon branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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