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NKGSB Bank Mapusa Mapusa Goa MICR CODE

Find MICR Codes for NKGSB Bank Mapusa Mapusa Goa

MICR Code
Bank Nkgsb Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mapusa
Contact Branch Head 9423416206 / 9769979787
Bank Details Nkgsb Co-Op Bank Ltd Mapusa NKGS0000058
Location Mapusa, Mapusa
City Mapusa
District Mapusa
State Goa
Pincode 403507
Country IN
Address Louis-oliva apts, altino, mapusa - 403507
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.

Search NKGSB Bank MICR Codes in mapusa

You can search through MICR Codes of Goa branches in mapusa of District mapusa in Goa State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Mapusa

How to find MICR codes for NKGSB Bank in mapusa?

NKGSB Bank mapusa MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From NKGSB Co Op Bank MICR codes list for mapusa, one can further search by branch name specified in the table. You can find MICR codes for all NKGSB Bank mapusa branches.

NKGSB Co Op Bank MICR code in mapusa

NKGSB Bank MICR code is a character recognition technology used by banks in the processing of cheques. NKGSB Co Op Bank MICR code for mapusa branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for NKGSB Cooperative Bank branches in mapusa, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does NKGSB Cooperative Bank MICR code for mapusa branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a NKGSB Bank mapusa branch, sprinted 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. Thus MICR code for NKGSB Co Op Bank mapusa branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of NKGSB Cooperative Bank MICR codes for mapusa branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!