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Nagar Urban Co-Operative Bank Rahata Ahmadnagar Maharashtra MICR CODE

Find MICR Codes for Nagar Urban Co-Operative Bank Rahata Ahmadnagar Maharashtra

MICR Code
Bank Nagar Urban Co-operative Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rahata
Contact 242271
Bank Details Nagar Urban Co-operative Bank Rahata NUCB0000118
Location Rahata, Ahmadnagar
City Rahata
District Ahmadnagar
State Maharashtra
Pincode 423107
Country IN
Address Nagar manmad road
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 Rahata 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 Nagar Urban Co-Op Bank, Rahata branch makes the system almost error free and faster. Use of Nagar Urban Co-Op Bank MICR codes for Rahata branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Rahata

MICR code for Nagar Urban Co-Operative Bank Rahata

Nagar Urban Co-Operative Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Nagar Urban Co-Op Bank MICR code for Rahata 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 Nagar Urban Bank for Rahata branch. MICR code for Rahata 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 Nagar Urban Co-Op Bank Rahata is presented in the table alongside.

Use of Nagar Urban Co-Op Bank MICR code for Rahata branch in rahata

The MICR code 0 is used in RBI cheque clearing process to identify the branch Rahata and Nagar Urban 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 Nagar Urban Bank is typically in either of these two font’s: E-138 and CMC-7.