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NKGSB Bank Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for NKGSB Bank Kolhapur Kolhapur Maharashtra

MICR Code
Bank Nkgsb Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Salokhe Nagar
Contact Branch Head 0231-2322321,0231-2322322
Bank Details Nkgsb Co-Op Bank Ltd Salokhe Nagar NKGS0000066
Location Kolhapur, Kolhapur
City Kolhapur
District Kolhapur
State Maharashtra
Pincode 416007
Country IN
Address R s no. 762, a ward opp. I t i , kalamba road , kolhapur - 416007
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 Salokhe Nagar 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, Salokhe Nagar branch makes the system almost error free and faster. Use of NKGSB Co Op Bank MICR codes for Salokhe Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Nkgsb Co-Op Bank Ltd are available with micr code -

>>Gokul Shirgaon >>Mangalwar Peth >>Salokhe Nagar >>Uma Talkies

MICR code for NKGSB Bank Salokhe Nagar

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 Salokhe Nagar 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 Salokhe Nagar branch. MICR code for Salokhe Nagar 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 Salokhe Nagar is presented in the table alongside.

Use of NKGSB Co Op Bank MICR code for Salokhe Nagar branch in kolhapur

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