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Nainital Bank Almora Almora Uttrakhand MICR CODE

Find MICR Codes for Nainital Bank Almora Almora Uttrakhand

MICR Code
Bank Nainital Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Almora
Contact 05962-230030
Bank Details Nainital Bank Ltd Almora NTBL0ALM002
Location Almora, Almora
City Almora
District Almora
State Uttrakhand
Pincode 263601
Country IN
Address L.r.sah road, almora (uttarakhand)
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 Almora 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 Nainital Bank, Almora branch makes the system almost error free and faster. Use of Nainital Bank MICR codes for Almora branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Nainital Bank Ltd are available with micr code -

>>Almora >>Dwarahat >>Lowar Mall

MICR code for Nainital Bank Almora

Nainital Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Nainital Bank MICR code for Almora 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 Nainital Bank for Almora branch. MICR code for Almora 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 Nainital Bank Almora is presented in the table alongside.

Use of Nainital Bank MICR code for Almora branch in almora

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