DBS Bank Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for DBS Bank Kolhapur Kolhapur Maharashtra

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MICR Code
Bank Dbs Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Umalwad
Contact
Bank Details Dbs Bank Ltd Umalwad DBSS0IN0904
Location Kolhapur, Kolhapur
City Kolhapur
District Kolhapur
State Maharashtra
Pincode 416101
Country IN
Address Near main road bazarpet, umalwad village, taluka - hatkangale, district - kolhapur, pin - 416101
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 Umalwad 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, Umalwad branch makes the system almost error free and faster. Use of DBS Bank India MICR codes for Umalwad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 9 branches of Dbs Bank Ltd are available with micr code -

>>Ambap >>Danwad >>Dbs Bank Kolhapur Branch >>Herle >>Khochi >>Kolhapur >>Nigave Dumala >>Sulkud >>Umalwad

MICR code for DBS Bank Umalwad

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 Umalwad 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 Umalwad branch. MICR code for Umalwad 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 Umalwad is presented in the table alongside.

Use of DBS Bank India MICR code for Umalwad branch in kolhapur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Umalwad 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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