Central Bank Nashik Nashik Maharashtra MICR CODE

Find MICR Codes for Central Bank Nashik Nashik Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	422016004
Bank	Central Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Satpur Industrial Area
Contact
Bank Details	Central Bank Of India Satpur Industrial Area CBIN0280708

Location	Nashik, Nashik
City	Nashik
District	Nashik
State	Maharashtra
Pincode	422007
Country	IN
Address	P-63, m.i.d.c., satpur industrial area,satpur, nasik - 422 007

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 422016004 for Satpur Industrial Area 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 422016004 of Central Bank Of India, Satpur Industrial Area branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Satpur Industrial Area branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Central Bank Of India are available with micr code -

>>Canada Circle >>Nasik City Branch >>Satpur Industrial Area

MICR code for Central Bank Satpur Industrial Area

Central Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Central Bank Of India MICR code for Satpur Industrial Area 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. 422016004 is the MICR code of Central Bank India for Satpur Industrial Area branch. MICR code for Satpur Industrial Area 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 Central Bank Of India Satpur Industrial Area is presented in the table alongside.

Use of Central Bank Of India MICR code for Satpur Industrial Area branch in nashik

The MICR code 422016004 is used in RBI cheque clearing process to identify the branch Satpur Industrial Area and Central Bank Of India 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 Central Bank India is typically in either of these two font’s: E-138 and CMC-7.

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