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NKGSB Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for NKGSB Bank Mumbai Mumbai Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	400086016
Bank	Nkgsb Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Marol
Contact	022-29200467
Bank Details	Nkgsb Co-Op Bank Ltd Marol NKGS0000018

Location	Mumbai, Mumbai
City	Mumbai
District	Mumbai
State	Maharashtra
Pincode	400059
Country	IN
Address	Marol bus station bldg., marol maroshi road, marol, andheri (e),

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 400086016 for Marol 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 400086016 of NKGSB Co Op Bank, Marol branch makes the system almost error free and faster. Use of NKGSB Co Op Bank MICR codes for Marol branch, makes the characters readable even if there are other marks and stamps on it.

A total of 29 branches of Nkgsb Co-Op Bank Ltd are available with micr code -

>>Accounts Dept >>Bandra(E) >>Borivali (East) >>Borivali(W) >>Charkop(W) >>Dadar >>Dahisar(W) >>Deonar >>Dindoshi >>Forex Dept >>Ghatkopar(W) >>Girgaum Branch >>Gorai >>Head Office >>Head Office >>Investment >>Jogheshwari >>Kandivali(E) >>Mahim >>Marol >>Mulund(E) >>Mulund(W) >>Nahur >>Parel >>Vakola >>Vasai >>Vashi >>Vileparle(E) >>Wadala

MICR code for NKGSB Bank Marol

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 Marol 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. 400086016 is the MICR code of NKGSB Cooperative Bank for Marol branch. MICR code for Marol 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 Marol is presented in the table alongside.

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

The MICR code 400086016 is used in RBI cheque clearing process to identify the branch Marol 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.