DCB New Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for DCB New Delhi New Delhi New Delhi

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MICR Code
Bank Development Credit Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Paschim Vihar
Contact 11-9910650855
Bank Details Development Credit Bank Ltd Paschim Vihar DCBL0000461
Location New Delhi, New Delhi
City New Delhi
District New Delhi
State New Delhi
Pincode 110026
Country IN
Address Upper ground floor, m-138, guru harikishan nagar, new delhi-110026
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 Paschim Vihar 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, Paschim Vihar branch makes the system almost error free and faster. Use of Development Credit Bank MICR codes for Paschim Vihar 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 -

>>Paschim Vihar

MICR code for DCB Paschim Vihar

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 Paschim Vihar 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 Paschim Vihar branch. MICR code for Paschim Vihar 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 Paschim Vihar is presented in the table alongside.

Use of Development Credit Bank MICR code for Paschim Vihar branch in new delhi

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