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NSDL Payments Bank Limited Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for NSDL Payments Bank Limited Mumbai Mumbai Maharashtra

MICR Code:
Bank: NSDL Payments Bank Limited
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Lower Parel
Contact: 224994200
Bank Details: NSDL Payments Bank Limited Lower Parel NSPB0000002
Location: Mumbai, Mumbai
City: Mumbai
District: Mumbai
State: Maharashtra
Pincode:
Country: IN
Address: 04th floor, a wing, trade world, kamala mills compound, senapati bapat marg, lower parel, mumbai - 400 013
MICR Code:
Bank: NSDL Payments Bank Limited
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Lower Parel
Contact: 224994200
Bank Details: NSDL Payments Bank Limited Lower Parel NSPB0000001
Location: Mumbai, Mumbai
City: Mumbai
District: Mumbai
State: Maharashtra
Pincode:
Country: IN
Address: 04th floor, a wing, trade world, kamala mills compound, senapati bapat marg, lower parel, mumbai - 400 013
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 NSDL Payments Bank Limited MICR Codes in mumbai

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

NSDL Payments Bank Limited branches with micr codes are available in 1 cities-

>>Mumbai

How to find MICR codes for NSDL Payments Bank Limited in mumbai?

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

NSDL Payments Bank Limited MICR code in mumbai

NSDL Payments Bank Limited MICR code is a character recognition technology used by banks in the processing of cheques. NSDL Payments Bank Limited MICR code for mumbai 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 NSDL Payments Bank Limited branches in mumbai, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does NSDL Payments Bank Limited MICR code for mumbai 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 NSDL Payments Bank Limited mumbai 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 NSDL Payments Bank Limited mumbai branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of NSDL Payments Bank Limited MICR codes for mumbai branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!