DCB Balwadi Khargone Madhya Pradesh MICR CODE

Find MICR Codes for DCB Balwadi Khargone 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 Balwadi
Contact 9830364162
Bank Details Development Credit Bank Ltd Balwadi DCBL0000286
Location Balwadi, Khargone
City Balwadi
District Khargone
State Madhya Pradesh
Pincode 451001
Country IN
Address Dcb bank limited , balwadi branch , bombay heights , sanawad road , balwadi , district - khargone , state - madhya pradesh , pin - 451001.
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 451072501 for Balwadi 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 451072501 of Development Credit Bank, Balwadi branch makes the system almost error free and faster. Use of Development Credit Bank MICR codes for Balwadi 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 -

>>Balwadi

MICR code for DCB Balwadi

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 Balwadi 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. 451072501 is the MICR code of DCB for Balwadi branch. MICR code for Balwadi 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 Balwadi is presented in the table alongside.

Use of Development Credit Bank MICR code for Balwadi branch in balwadi

The MICR code 451072501 is used in RBI cheque clearing process to identify the branch Balwadi 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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