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RBI Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for RBI Nagpur Nagpur Maharashtra

MICR Code
Bank Reserve Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nagpur
Contact 0712-2547077
Bank Details Reserve Bank Of India Nagpur RBIS0NGPA01
Location Nagpur, Nagpur
City Nagpur
District Nagpur
State Maharashtra
Pincode 440001
Country IN
Address Rbi, pad, main office bldg.,dr.raghavendra rao road, civil lines, p.b.no.15,nagpur-4400001
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.

Search RBI MICR Codes in nagpur

You can search through MICR Codes of Maharashtra branches in nagpur of District nagpur in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

Reserve Bank Of India branches with micr codes are available in 1 cities-

>>Nagpur

How to find MICR codes for RBI in nagpur?

RBI nagpur MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Reserve Bank Of India MICR codes list for nagpur, one can further search by branch name specified in the table. You can find MICR codes for all RBI nagpur branches.

Reserve Bank Of India MICR code in nagpur

RBI MICR code is a character recognition technology used by banks in the processing of cheques. Reserve Bank Of India MICR code for nagpur branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for RBI Bank branches in nagpur, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does RBI Bank MICR code for nagpur branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a RBI nagpur branch, sprinted 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. Thus MICR code for Reserve Bank Of India nagpur branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of RBI Bank MICR codes for nagpur branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!