MICR Code Bank
Find MICR code for Nashik Merchant Bank branches in India for NEFT and RTGS transfer

Nashik Merchant Bank MICR CODE

Find MICR Codes for Nashik Merchant Bank

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  1. The Nasik Merchants Co-Op Bank Ltd »
  2. Maharashtra »
  3. nasik »
  4. deola »
  5. deola

Find MICR Codes for Nashik Merchant Bank

MICR Code: -NA-
Bank: The Nasik Merchants Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Deola
Contact: 02591-228106
Bank Details: The Nasik Merchants Co-Op Bank Ltd Deola NMCB0000063
Location: Deola, Nasik
City: Deola
District: Nasik
State: Maharashtra
Pincode: 423102
Country: IN
Address: Serve no.354, b/2/1, building no.2, shop no. 1 to 3, kalwan deola road, at post - deola, dist- nashik

How does MICR code for 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 of NAMCO Bank, branch makes the system almost error free and faster. Use of NAMCO Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of The Nasik Merchants Co-Op Bank Ltd are available with micr code

>>Deola

MICR code for Nashik Merchant Bank

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

Use of NAMCO Bank MICR code for branch in deola

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