DCB North Hoshangabad Madhya Pradesh MICR CODE

Find MICR Codes for DCB North Hoshangabad Madhya Pradesh

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State
District
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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	Nayakheda
Contact	Mr. Sankalp Maheshwari branch Manager phone :– 9893358225
Bank Details	Development Credit Bank Ltd Nayakheda DCBL0000132

Location	North, Hoshangabad
City	North
District	Hoshangabad
State	Madhya Pradesh
Pincode	461990
Country	IN
Address	Development credit bank ltd. Nayakheda branch, plot no. 23 / 37, near railway gate, nayakheda, tehsil – bankhedi district – hoshangabad, state – madhya pradesh pin – 461990

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

>>Nayakheda

MICR code for DCB Nayakheda

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

Use of Development Credit Bank MICR code for Nayakheda branch in north

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