Nutan Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Nutan Nagarik Bank MICR code for New Cloth Market 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. 380128003 is the MICR code of Nutan Nagarik Sahakari Bank for New Cloth Market branch. MICR code for New Cloth Market 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 Nutan Nagarik Bank New Cloth Market is presented in the table alongside.
The MICR code 380128003 is used in RBI cheque clearing process to identify the branch New Cloth Market and Nutan Nagarik 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 Nutan Nagarik Sahakari Bank is typically in either of these two font’s: E-138 and CMC-7.