DCB Ashok Nagar Ashok Nagar Madhya Pradesh MICR CODE

Find MICR Codes for DCB Ashok Nagar Ashok Nagar Madhya Pradesh

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MICR Code
Bank Development Credit Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ashok Nagar
Contact 9826812314
Bank Details Development Credit Bank Ltd Ashok Nagar DCBL0000193
Location Ashok Nagar, Ashok Nagar
City Ashok Nagar
District Ashok Nagar
State Madhya Pradesh
Pincode 473331
Country IN
Address Dcb bank ltd,ashok nagar branch, plot no 677,rajendra prasad ward no 7, vidisha bypass road,ashok nagar, district - ashok nagar,state-madhya pradesh,pin-473331
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 473072076 for Ashok Nagar 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 473072076 of Development Credit Bank, Ashok Nagar branch makes the system almost error free and faster. Use of Development Credit Bank MICR codes for Ashok Nagar 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 -

>>Ashok Nagar

MICR code for DCB Ashok Nagar

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 Ashok Nagar 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. 473072076 is the MICR code of DCB for Ashok Nagar branch. MICR code for Ashok Nagar 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 Ashok Nagar is presented in the table alongside.

Use of Development Credit Bank MICR code for Ashok Nagar branch in ashok nagar

The MICR code 473072076 is used in RBI cheque clearing process to identify the branch Ashok Nagar 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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