Nashik Merchant Bank Nashik Nasik Maharashtra MICR CODE

Find MICR Codes for Nashik Merchant Bank Nashik Nasik Maharashtra

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MICR Code	422369005
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	Panchawati
Contact	0253- 2512996; 0253-511844; Mr. Ahire B.N.
Bank Details	The Nasik Merchants Co-Op Bank Ltd Panchawati NMCB0000005

Location	Nashik, Nasik
City	Nashik
District	Nasik
State	Maharashtra
Pincode	422003
Country	IN
Address	Krishnaji joshi complex, near panchavati karanja,panchavati, nashik 422003

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 422369005 for Panchawati 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 422369005 of NAMCO Bank, Panchawati branch makes the system almost error free and faster. Use of NAMCO Bank MICR codes for Panchawati branch, makes the characters readable even if there are other marks and stamps on it.

A total of 23 branches of The Nasik Merchants Co-Op Bank Ltd are available with micr code -

>>Adgaon Naka >>Administrative Office >>Ambad (I.E.) >>Ashok Nagar >>Ashokamarg >>Bhadrakali >>Cidco >>Dhanvardhini >>Gandhinagar >>Gangapur Road >>Govindnagar >>Indiranagar >>Jail Road >>Morning Evening >>Mumbainaka (Bhabha Nagar) >>Nasik Road >>Old Nashik >>Panchawati >>Pawan Nagar >>Poona Road >>Raviwar Peth >>Satpur (I.E.) >>Tilakwadi

MICR code for Nashik Merchant Bank Panchawati

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 Panchawati 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. 422369005 is the MICR code of Nashik Merchant Cooperative Bank for Panchawati branch. MICR code for Panchawati 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 Panchawati is presented in the table alongside.

Use of NAMCO Bank MICR code for Panchawati branch in nashik

The MICR code 422369005 is used in RBI cheque clearing process to identify the branch Panchawati 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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