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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 Dahisar East Ashokvan
Contact 28972241
Bank Details Nkgsb Co-Op Bank Ltd Dahisar East Ashokvan NKGS0000092
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400056
Country IN
Address Shankeshwarnagar coop hsg soc.shiv vallabh road,ashokvan,dahisar east mumbai 400056
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 400086050 for Dahisar East Ashokvan 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 400086050 of NKGSB Co Op Bank, Dahisar East Ashokvan branch makes the system almost error free and faster. Use of NKGSB Co Op Bank MICR codes for Dahisar East Ashokvan 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 Dahisar East Ashokvan

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 Dahisar East Ashokvan 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. 400086050 is the MICR code of NKGSB Cooperative Bank for Dahisar East Ashokvan branch. MICR code for Dahisar East Ashokvan 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 Dahisar East Ashokvan is presented in the table alongside.

Use of NKGSB Co Op Bank MICR code for Dahisar East Ashokvan branch in mumbai

The MICR code 400086050 is used in RBI cheque clearing process to identify the branch Dahisar East Ashokvan 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.