North East Small Finance Bank North Lakhimpur Panigaon Assam MICR CODE

Find MICR Codes for North East Small Finance Bank North Lakhimpur Panigaon Assam

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MICR Code
Bank North East Small Finance Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Panigaon
Contact
Bank Details North East Small Finance Bank Ltd Panigaon NESF0000134
Location North Lakhimpur, Panigaon
City North Lakhimpur
District Panigaon
State Assam
Pincode
Country IN
Address Vill.bachagaon, po.panigaon, ps.panigaon, dist.north lakhimpur
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 0 for Panigaon 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 0 of NESFB, Panigaon branch makes the system almost error free and faster. Use of NESFB MICR codes for Panigaon branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of North East Small Finance Bank Ltd are available with micr code -

>>Panigaon

MICR code for North East Small Finance Bank Panigaon

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 Panigaon 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. 0 is the MICR code of North East Small Finance Bank for Panigaon branch. MICR code for Panigaon 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 Panigaon is presented in the table alongside.

Use of NESFB MICR code for Panigaon branch in north lakhimpur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Panigaon 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.

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