DCB Kompalle Ranga Reddy Telangana MICR CODE

Find MICR Codes for DCB Kompalle Ranga Reddy Telangana

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MICR Code
Bank Development Credit Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kompalle
Contact 9885478450
Bank Details Development Credit Bank Ltd Kompalle DCBL0000291
Location Kompalle, Ranga Reddy
City Kompalle
District Ranga Reddy
State Telangana
Pincode 500014
Country IN
Address Dcb bank limited , kompalle branch , 5-115 , mohan reddy commercial complex , medchai road , kompalle , pin - 500014
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 500072011 for Kompalle 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 500072011 of Development Credit Bank, Kompalle branch makes the system almost error free and faster. Use of Development Credit Bank MICR codes for Kompalle 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 -

>>Kompalle

MICR code for DCB Kompalle

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 Kompalle 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. 500072011 is the MICR code of DCB for Kompalle branch. MICR code for Kompalle 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 Kompalle is presented in the table alongside.

Use of Development Credit Bank MICR code for Kompalle branch in kompalle

The MICR code 500072011 is used in RBI cheque clearing process to identify the branch Kompalle 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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