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The Nawanagar Co Operative Bank Ltd Jamnagar Jamnagar Gujarat MICR CODE

Find MICR Codes for The Nawanagar Co Operative Bank Ltd Jamnagar Jamnagar Gujarat

MICR Code
Bank The Nawanagar Co Operative Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Udyognagar Branch
Contact 288-2563939
Bank Details The Nawanagar Co Operative Bank Ltd Udyognagar Branch TNCB0000003
Location Jamnagar, Jamnagar
City Jamnagar
District Jamnagar
State Gujarat
Pincode 361004
Country IN
Address Nawanagar bank bhavan, hirji mistry road,opp. Pranami school, jamnagar -361004
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 Udyognagar Branch 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 Nawanagar Bank, Udyognagar Branch branch makes the system almost error free and faster. Use of Nawanagar Bank MICR codes for Udyognagar Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for The Nawanagar Co Operative Bank Ltd Udyognagar Branch

The Nawanagar Co Operative Bank Ltd MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Nawanagar Bank MICR code for Udyognagar Branch 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 Nawanagar Co Operative Bank for Udyognagar Branch branch. MICR code for Udyognagar Branch 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 Nawanagar Bank Udyognagar Branch is presented in the table alongside.

Use of Nawanagar Bank MICR code for Udyognagar Branch branch in jamnagar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Udyognagar Branch and Nawanagar 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 Nawanagar Co Operative Bank is typically in either of these two font’s: E-138 and CMC-7.