DCB Hospet Vijayanagara Karnataka MICR CODE

Find MICR Codes for DCB Hospet Vijayanagara Karnataka

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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	Hospet
Contact	8394-68997777
Bank Details	Development Credit Bank Ltd Hospet DCBL0000398

Location	Hospet, Vijayanagara
City	Hospet
District	Vijayanagara
State	Karnataka
Pincode	583201
Country	IN
Address	Dcb bank ltd, hospet branch, bhagyalakshmi sankeerna building, 4th ward, beside umakanth eye clinic, patel nagar, station road, hospet, district - vijayanagara, state- karnataka, pin- 583201

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

>>Hospet

MICR code for DCB Hospet

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

Use of Development Credit Bank MICR code for Hospet branch in hospet

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