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NKGSB Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for NKGSB Bank Mumbai Greater Bombay Maharashtra

MICR Code
Bank Nkgsb Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Airoli
Contact Branch Head 022-27791540/022-27791541
Bank Details Nkgsb Co-Op Bank Ltd Airoli NKGS0000068
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400708
Country IN
Address Shop no 10, bhumi colossa, plot no 4, sector- 19, airoli, navi mumbai- 400 708
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 Airoli 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 NKGSB Co Op Bank, Airoli branch makes the system almost error free and faster. Use of NKGSB Co Op Bank MICR codes for Airoli branch, makes the characters readable even if there are other marks and stamps on it.

A total of 10 branches of Nkgsb Co-Op Bank Ltd are available with micr code -

>>Airoli >>Bhandup West >>Dahisar East Ashokvan >>Fort >>Ghatkopar East >>Girgaoon Jss Road >>Goregaon >>Malad >>Nahur >>Virar

MICR code for NKGSB Bank Airoli

NKGSB Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. NKGSB Co Op Bank MICR code for Airoli 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 NKGSB Cooperative Bank for Airoli branch. MICR code for Airoli 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 NKGSB Co Op Bank Airoli is presented in the table alongside.

Use of NKGSB Co Op Bank MICR code for Airoli branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Airoli and NKGSB Co Op 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 NKGSB Cooperative Bank is typically in either of these two font’s: E-138 and CMC-7.