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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	400086023
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	Parel
Contact	Branch Head Tel.No.022-24155136,022-24155137
Bank Details	Nkgsb Co-Op Bank Ltd Parel NKGS0000029

Location	Mumbai, Mumbai
City	Mumbai
District	Mumbai
State	Maharashtra
Pincode	400012
Country	IN
Address	Centre point,unit no 10, dr.babasaheb ambedkar road,opp.bharatmata talkies, parel, mumbai 400 012.

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 400086023 for Parel 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 400086023 of NKGSB Co Op Bank, Parel branch makes the system almost error free and faster. Use of NKGSB Co Op Bank MICR codes for Parel 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 Parel

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 Parel 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. 400086023 is the MICR code of NKGSB Cooperative Bank for Parel branch. MICR code for Parel 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 Parel is presented in the table alongside.

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

The MICR code 400086023 is used in RBI cheque clearing process to identify the branch Parel 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.