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Nagar Urban Co-Operative Bank Daund Pune Maharashtra MICR CODE

Find MICR Codes for Nagar Urban Co-Operative Bank Daund Pune Maharashtra

MICR Code
Bank Nagar Urban Co-operative Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Daund
Contact 262946
Bank Details Nagar Urban Co-operative Bank Daund NUCB0000147
Location Daund, Pune
City Daund
District Pune
State Maharashtra
Pincode 413801
Country IN
Address Shrikrushna complex,cts no 1981 1987 to 1993
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 Nagar Urban Co-Operative Bank MICR Codes in pune

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

A total of 1 branches of Nagar Urban Co-operative Bank are available with micr code -

>>Daund

How to find MICR codes for Nagar Urban Co-Operative Bank in daund?

Nagar Urban Co-Operative Bank daund MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Nagar Urban Co-Op Bank MICR codes list for daund, one can further search by branch name specified in the table. You can find MICR codes for all Nagar Urban Co-Operative Bank daund branches.

Nagar Urban Co-Op Bank MICR code in daund

Nagar Urban Co-Operative Bank MICR code is a character recognition technology used by banks in the processing of cheques. Nagar Urban Co-Op Bank MICR code for daund 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 Nagar Urban Bank branches in daund, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Nagar Urban Bank MICR code for daund 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 Nagar Urban Co-Operative Bank daund 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 Nagar Urban Co-Op Bank daund branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Nagar Urban Bank MICR codes for daund branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!