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 Mhasrul Branch 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. 422369034 is the MICR code of Nashik Merchant Cooperative Bank for Mhasrul Branch branch. MICR code for Mhasrul Branch 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 Mhasrul Branch is presented in the table alongside.
The MICR code 422369034 is used in RBI cheque clearing process to identify the branch Mhasrul Branch 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.