The Nawanagar Co Operative Bank Ltd MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Nawanagar Bank MICR code for Gulabnagar Branch 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. 361621006 is the MICR code of Nawanagar Co Operative Bank for Gulabnagar Branch branch. MICR code for Gulabnagar Branch 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 Nawanagar Bank Gulabnagar Branch is presented in the table alongside.
The MICR code 361621006 is used in RBI cheque clearing process to identify the branch Gulabnagar Branch and Nawanagar 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 Nawanagar Co Operative Bank is typically in either of these two font’s: E-138 and CMC-7.