DCB Raghunathpur Khurda Orissa MICR CODE

Find MICR Codes for DCB Raghunathpur Khurda 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 Raghunathpur
Contact 7894443010
Bank Details Development Credit Bank Ltd Raghunathpur DCBL0000151
Location Raghunathpur, Khurda
City Raghunathpur
District Khurda
State Orissa
Pincode 751002
Country IN
Address D c b bank ltd.raghunathpur branch, near gangua bridge, nh 203, cuttack – puri road, raghunathpur district – khurda, state – odisha pin – 751002
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 Raghunathpur 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, Raghunathpur branch makes the system almost error free and faster. Use of Development Credit Bank MICR codes for Raghunathpur 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 -

>>Raghunathpur

MICR code for DCB Raghunathpur

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

Use of Development Credit Bank MICR code for Raghunathpur branch in raghunathpur

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