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NKGSB Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for NKGSB Bank Pune Pune Maharashtra

MICR Code
Bank Nkgsb Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pimple Saudagar
Contact 27405151
Bank Details Nkgsb Co-Op Bank Ltd Pimple Saudagar NKGS0000086
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411027
Country IN
Address Shop no.15,sai vision,near planet millennium,pimple saudagar,pune 411027
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 411086010 for Pimple Saudagar 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 411086010 of NKGSB Co Op Bank, Pimple Saudagar branch makes the system almost error free and faster. Use of NKGSB Co Op Bank MICR codes for Pimple Saudagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Nkgsb Co-Op Bank Ltd are available with micr code -

>>Aundh >>Fergusson College Road >>Kothrud >>Narayanpeth >>Paud Road >>Pimple Saudagar >>Wakad

MICR code for NKGSB Bank Pimple Saudagar

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 Pimple Saudagar 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. 411086010 is the MICR code of NKGSB Cooperative Bank for Pimple Saudagar branch. MICR code for Pimple Saudagar 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 Pimple Saudagar is presented in the table alongside.

Use of NKGSB Co Op Bank MICR code for Pimple Saudagar branch in pune

The MICR code 411086010 is used in RBI cheque clearing process to identify the branch Pimple Saudagar 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.