DCB Bijapur Toravi Karnataka MICR CODE

Find MICR Codes for DCB Bijapur Toravi Karnataka

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MICR Code	586072002
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	Toravi
Contact	1800-2095363
Bank Details	Development Credit Bank Ltd Toravi DCBL0000375

Location	Bijapur, Toravi
City	Bijapur
District	Toravi
State	Karnataka
Pincode	586104
Country	IN
Address	Dcb bank ltd,toravi branch, survey no. 38-h,plot no.38 and 32, navraspur village, opposite al ameen hospital, athini road,toravi, district-bijapur, state-karnataka, pin-586104.

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 586072002 for Toravi 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 586072002 of Development Credit Bank, Toravi branch makes the system almost error free and faster. Use of Development Credit Bank MICR codes for Toravi 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 -

>>Toravi

MICR code for DCB Toravi

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 Toravi 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. 586072002 is the MICR code of DCB for Toravi branch. MICR code for Toravi 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 Toravi is presented in the table alongside.

Use of Development Credit Bank MICR code for Toravi branch in bijapur

The MICR code 586072002 is used in RBI cheque clearing process to identify the branch Toravi 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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