DCB Ahmednagar Ahmednagar Maharashtra MICR CODE

Find MICR Codes for DCB Ahmednagar Ahmednagar Maharashtra

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MICR Code
Bank Development Credit Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ahmednagar
Contact 9850959485
Bank Details Development Credit Bank Ltd Ahmednagar DCBL0000328
Location Ahmednagar, Ahmednagar
City Ahmednagar
District Ahmednagar
State Maharashtra
Pincode 414001
Country IN
Address Dcb bank ltd. , ahmednagar branch, near pandit accidental hospital , swastik chowk , station road , ahmednagar , district - ahmednagar , state maharashtra , pin- 414001
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 414072003 for Ahmednagar 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 414072003 of Development Credit Bank, Ahmednagar branch makes the system almost error free and faster. Use of Development Credit Bank MICR codes for Ahmednagar branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Ahmednagar

MICR code for DCB Ahmednagar

DCB MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Development Credit Bank MICR code for Ahmednagar 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. 414072003 is the MICR code of DCB for Ahmednagar branch. MICR code for Ahmednagar 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 Development Credit Bank Ahmednagar is presented in the table alongside.

Use of Development Credit Bank MICR code for Ahmednagar branch in ahmednagar

The MICR code 414072003 is used in RBI cheque clearing process to identify the branch Ahmednagar and Development Credit 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 DCB is typically in either of these two font’s: E-138 and CMC-7.

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