North East Small Finance Bank Silchar Cachar Assam MICR CODE

Find MICR Codes for North East Small Finance Bank Silchar Cachar Assam

MICR Code
Bank North East Small Finance Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Natunbazar
Contact 0
Bank Details North East Small Finance Bank Ltd Natunbazar NESF0000198
Location Silchar, Cachar
City Silchar
District Cachar
State Assam
Pincode 788115
Country IN
Address Tunbazar branch natunbazar kamini market,first floor cachar,assam-788115
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 Natunbazar 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 NESFB, Natunbazar branch makes the system almost error free and faster. Use of NESFB MICR codes for Natunbazar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of North East Small Finance Bank Ltd are available with micr code -

>>Alambag >>Natunbazar >>Silchar

MICR code for North East Small Finance Bank Natunbazar

North East Small Finance Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. NESFB MICR code for Natunbazar 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 North East Small Finance Bank for Natunbazar branch. MICR code for Natunbazar 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 NESFB Natunbazar is presented in the table alongside.

Use of NESFB MICR code for Natunbazar branch in silchar

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

Copied!