MICR Code Bank
Find MICR code for New India Bank Malad branches in India for NEFT and RTGS transfer

New India Bank Malad MICR CODE

Find MICR Codes for New India Bank Malad

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  1. New India Co-Op Bank Ltd »
  2. Maharashtra »
  3. mumbai »
  4. mumbai »
  5. malad (e)

Find MICR Codes for New India Bank Malad

MICR Code: 400085019
Bank: New India Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Malad (E)
Contact: 64532771/72/73
Bank Details: New India Co-Op Bank Ltd Malad (E) NICB0000019
Location: Mumbai, Mumbai
City: Mumbai
District: Mumbai
State: Maharashtra
Pincode: 400097
Country: IN
Address: Temple view-i, raheja township, malad (e), mumbai 400 097

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

A total of 18 branches of New India Co-Op Bank Ltd are available with micr code

>>Andheri >>Bandra >>Borivali >>Chembur >>Fort >>Ghatkopar >>Girgaum >>Goregaon >>Gunbow Street >>Kandivali >>Lower Parel >>Malad (E) >>Malad (W) >>Mulund >>New Link Road Andheri West >>Santacruz (E) >>Vasai >>Versova

MICR code for New India Bank malad

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

Use of New India Co Op Bank MICR code for malad branch in mumbai

The MICR code is used in RBI cheque clearing process to identify the branch malad and New India 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 New India Co Operative Bank is typically in either of these two font’s: E-138 and CMC-7.