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NKGSB Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for NKGSB Bank Indore Indore Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	452086001
Bank	Nkgsb Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bhanwar Kuwa
Contact	2471518
Bank Details	Nkgsb Co-Op Bank Ltd Bhanwar Kuwa NKGS0000114

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode	452014
Country	IN
Address	Plot no 924,khatiwala tank,bhanwar kuwa main road,indore 452014

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 452086001 for Bhanwar Kuwa 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 452086001 of NKGSB Co Op Bank, Bhanwar Kuwa branch makes the system almost error free and faster. Use of NKGSB Co Op Bank MICR codes for Bhanwar Kuwa branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Nkgsb Co-Op Bank Ltd are available with micr code -

>>Bhanwar Kuwa

MICR code for NKGSB Bank Bhanwar Kuwa

NKGSB Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. NKGSB Co Op Bank MICR code for Bhanwar Kuwa 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. 452086001 is the MICR code of NKGSB Cooperative Bank for Bhanwar Kuwa branch. MICR code for Bhanwar Kuwa 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 NKGSB Co Op Bank Bhanwar Kuwa is presented in the table alongside.

Use of NKGSB Co Op Bank MICR code for Bhanwar Kuwa branch in indore

The MICR code 452086001 is used in RBI cheque clearing process to identify the branch Bhanwar Kuwa and NKGSB 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 NKGSB Cooperative Bank is typically in either of these two font’s: E-138 and CMC-7.