DBS Bank Majhihara Khurda Orissa MICR CODE

Find MICR Codes for DBS Bank Majhihara Khurda Orissa

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MICR Code
Bank Dbs Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Majhihara
Contact 674-2468469
Bank Details Dbs Bank Ltd Majhihara DBSS0IN0420
Location Majhihara, Khurda
City Majhihara
District Khurda
State Orissa
Pincode 752103
Country IN
Address Majhihara ( grama panchayat),bharat nirman rajiv gandhi seva kendra,balipatna -psbalipatna752103or
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 Majhihara 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 DBS Bank India, Majhihara branch makes the system almost error free and faster. Use of DBS Bank India MICR codes for Majhihara branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Dbs Bank Ltd are available with micr code -

>>Majhihara

MICR code for DBS Bank Majhihara

DBS Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. DBS Bank India MICR code for Majhihara 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 Development Bank Of Singapore for Majhihara branch. MICR code for Majhihara 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 DBS Bank India Majhihara is presented in the table alongside.

Use of DBS Bank India MICR code for Majhihara branch in majhihara

The MICR code 0 is used in RBI cheque clearing process to identify the branch Majhihara and DBS Bank India 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 Development Bank Of Singapore is typically in either of these two font’s: E-138 and CMC-7.

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