MICR codes for The Nawanagar Co Operative Bank Ltd in Gujarat are given in the table alongside. Address, contact numbers and other details are also provided along with the MICR code. Narrow down your search either by selecting any particular district from the drop down list or by selecting the district from Nawanagar Bank MICR codes list given on the right side. One can find MICR codes for all Nawanagar Co Operative Bank branches in Gujarat here.
The Nawanagar Co Operative Bank Ltd MICR code in Gujarat state is a standard 9 digit code printed on cheques using a special type of ink. This ink or toner is magnetic and contains iron oxide. Nawanagar Bank MICR number includes the document type indicator, bank code, cheque number, etc. This code is used to identify bank and account information to which the cheque belongs. The main purpose of Nawanagar Co Operative Bank MICR code for Gujarat branches is to make clearance process of cheques faster and without errors.
The Nawanagar Bank MICR code for Gujarat branches allows the cheque information to be read automatically by passing it before an MICR reader. Each character produces a specific pattern which can be easily identified. The Nawanagar Co Operative Bank Ltd Gujarat MICR code uses typically either of these two fonts E-138 and CMC-7. The MICR technology makes the characters legible even if they are obscured by stamps and signatures. This code is used By RBI (Reserve bank Of India) in clearing process to identify the branch and bank. The principal purpose of Nawanagar Co Operative Bank MICR code for Gujarat branches is to print accounting and routing information on cheques and other documents in a machine readable format in order to speed up the clearing process.