DCB Akola Akola Maharashtra MICR CODE

Find MICR Codes for DCB Akola Akola Maharashtra

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MICR Code	-NA-
Bank	Development Credit Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Akola
Contact	724-68997777
Bank Details	Development Credit Bank Ltd Akola DCBL0000415

Location	Akola, Akola
City	Akola
District	Akola
State	Maharashtra
Pincode	444001
Country	IN
Address	Dcb bank ltd, akola branch, ground floor, yamuna tarang complex, n.h.no.6, vidya nagar, near big cinema, akola, district-akola, state-maharashtra, pin-444001

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 Akola 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 Development Credit Bank, Akola branch makes the system almost error free and faster. Use of Development Credit Bank MICR codes for Akola 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 -

>>Akola

MICR code for DCB Akola

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 Akola 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 DCB for Akola branch. MICR code for Akola 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 Akola is presented in the table alongside.

Use of Development Credit Bank MICR code for Akola branch in akola

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