Let Others Know
×
LinkedIn
Email
WhatsApp

NKGSB Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for NKGSB Bank Mumbai Mumbai Maharashtra

MICR Code
Bank Nkgsb Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Borivali (East)
Contact Branch Head 022-28629104
Bank Details Nkgsb Co-Op Bank Ltd Borivali (East) NKGS0000036
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400066
Country IN
Address Shop no.1, thawar apartment, kasturba road, borivali (e), mumbai 400 066.
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 Borivali (East) 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, Borivali (East) branch makes the system almost error free and faster. Use of NKGSB Co Op Bank MICR codes for Borivali (East) branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for NKGSB Bank Borivali (East)

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 Borivali (East) 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 Borivali (East) branch. MICR code for Borivali (East) 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 Borivali (East) is presented in the table alongside.

Use of NKGSB Co Op Bank MICR code for Borivali (East) branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Borivali (East) 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.