Laturbank Nashik Nashik Maharashtra MICR CODE

Find MICR Codes for Laturbank Nashik Nashik Maharashtra

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MICR Code	-NA-
Bank	Latur Urban Co-Operative Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Nashik
Contact	253-2993367
Bank Details	Latur Urban Co-Operative Bank Ltd Nashik LUCB0000021

Location	Nashik, Nashik
City	Nashik
District	Nashik
State	Maharashtra
Pincode	422001
Country	IN
Address	Shop no.2 and no.03, ground floor, ratan mall, opp nehru garden, tilak path, nashik 422001

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 Nashik 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 Latur Urban Bank, Nashik branch makes the system almost error free and faster. Use of Latur Urban Bank MICR codes for Nashik branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Latur Urban Co-Operative Bank Ltd are available with micr code -

>>Nashik

MICR code for Laturbank Nashik

Laturbank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Latur Urban Bank MICR code for Nashik 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 Laturbank for Nashik branch. MICR code for Nashik 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 Latur Urban Bank Nashik is presented in the table alongside.

Use of Latur Urban Bank MICR code for Nashik branch in nashik

The MICR code 0 is used in RBI cheque clearing process to identify the branch Nashik and Latur Urban 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 Laturbank is typically in either of these two font’s: E-138 and CMC-7.

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