North East Small Finance Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. NESFB MICR code for Margherita 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. 786773203 is the MICR code of North East Small Finance Bank for Margherita branch. MICR code for Margherita 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 NESFB Margherita is presented in the table alongside.
The MICR code 786773203 is used in RBI cheque clearing process to identify the branch Margherita and NESFB 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 North East Small Finance Bank is typically in either of these two font’s: E-138 and CMC-7.