MICR Code Bank
Find MICR code for NKGSB Bank branches in India for NEFT and RTGS transfer

NKGSB Bank MICR CODE

Find MICR Codes for NKGSB Bank

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  1. Nkgsb Co-Op Bank Ltd »
  2. Maharashtra »
  3. raigad »
  4. alibag »
  5. alibaug

Find MICR Codes for NKGSB Bank

MICR Code: -NA-
Bank: Nkgsb Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Alibaug
Contact:
Bank Details: Nkgsb Co-Op Bank Ltd Alibaug NKGS0000080
Location: Alibag, Raigad
City: Alibag
District: Raigad
State: Maharashtra
Pincode: 402201
Country: IN
Address: Shop no 1, 2 & 3,krishna mandir bldg,maruti naka,alibaug dist raigad 402 201

How does MICR code for 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 of NKGSB Co Op Bank, branch makes the system almost error free and faster. Use of NKGSB Co Op Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Nkgsb Co-Op Bank Ltd are available with micr code

>>Alibaug

MICR code for NKGSB Bank

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 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. is the MICR code of NKGSB Cooperative Bank for branch. MICR code for 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 is presented in the table alongside.

Use of NKGSB Co Op Bank MICR code for branch in alibag

The MICR code is used in RBI cheque clearing process to identify the branch 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.