DCB Jagatsinghpur Punanga Orissa MICR CODE

Find MICR Codes for DCB Jagatsinghpur Punanga Orissa

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MICR Code
Bank Development Credit Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Punanga
Contact 9937020008
Bank Details Development Credit Bank Ltd Punanga DCBL0000251
Location Jagatsinghpur, Punanga
City Jagatsinghpur
District Punanga
State Orissa
Pincode 754103
Country IN
Address Dcb bank ltd., punanga branch, plot no. 909/1579, 909/1647, 910/1578, at/po-punanga, p.s-jagatsinghpur, odisha, pin-754103
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 754072202 for Punanga 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 754072202 of Development Credit Bank, Punanga branch makes the system almost error free and faster. Use of Development Credit Bank MICR codes for Punanga 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 -

>>Punanga

MICR code for DCB Punanga

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 Punanga 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. 754072202 is the MICR code of DCB for Punanga branch. MICR code for Punanga 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 Punanga is presented in the table alongside.

Use of Development Credit Bank MICR code for Punanga branch in jagatsinghpur

The MICR code 754072202 is used in RBI cheque clearing process to identify the branch Punanga 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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