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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 Gorai
Contact Branch Head 022-28699746
Bank Details Nkgsb Co-Op Bank Ltd Gorai NKGS0000032
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400091
Country IN
Address Gorai bus depot bldg,ground floor, gorai , borivali (w) , mumbai 400 091
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 Gorai 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, Gorai branch makes the system almost error free and faster. Use of NKGSB Co Op Bank MICR codes for Gorai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for NKGSB Bank Gorai

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 Gorai 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 Gorai branch. MICR code for Gorai 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 Gorai is presented in the table alongside.

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

The MICR code 0 is used in RBI cheque clearing process to identify the branch Gorai 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.