Navnirman Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Navnirman Coop Bank MICR code for Nana Chiloda 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. 380139014 is the MICR code of Navnirman Bank Ltd for Nana Chiloda branch. MICR code for Nana Chiloda 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 Navnirman Coop Bank Nana Chiloda is presented in the table alongside.
The MICR code 380139014 is used in RBI cheque clearing process to identify the branch Nana Chiloda and Navnirman Coop 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 Navnirman Bank Ltd is typically in either of these two font’s: E-138 and CMC-7.