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Nashik Merchant Bank Nashik Nasik Maharashtra MICR CODE

Find MICR Codes for Nashik Merchant Bank Nashik Nasik Maharashtra

MICR Code
Bank The Nasik Merchants Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Dhanvardhini
Contact 0253- 2308217-19; Mr. Kulkarni S.S.
Bank Details The Nasik Merchants Co-Op Bank Ltd Dhanvardhini NMCB0000002
Location Nashik, Nasik
City Nashik
District Nasik
State Maharashtra
Pincode 422001
Country IN
Address "dhanvardhini" ,tilak path, opp. Neharu garden, nashik 422001
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 422369002 for Dhanvardhini 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 422369002 of NAMCO Bank, Dhanvardhini branch makes the system almost error free and faster. Use of NAMCO Bank MICR codes for Dhanvardhini branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Nashik Merchant Bank Dhanvardhini

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 Dhanvardhini 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. 422369002 is the MICR code of Nashik Merchant Cooperative Bank for Dhanvardhini branch. MICR code for Dhanvardhini 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 Dhanvardhini is presented in the table alongside.

Use of NAMCO Bank MICR code for Dhanvardhini branch in nashik

The MICR code 422369002 is used in RBI cheque clearing process to identify the branch Dhanvardhini 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.