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. mumbai »
  4. mumbai »
  5. dahisar(w)

Find MICR Codes for NKGSB Bank

MICR Code: 400086007
Bank: Nkgsb Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Dahisar(W)
Contact: 022-28924606
Bank Details: Nkgsb Co-Op Bank Ltd Dahisar(W) NKGS0000007
Location: Mumbai, Mumbai
City: Mumbai
District: Mumbai
State: Maharashtra
Pincode: 400068
Country: IN
Address: Jai shree ranchoddham, l.t.road, dahisar (w), mumbai-400068, state- maharashtra

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.

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 mumbai

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.