DMK Jaoli Bank Satara Satara Maharashtra MICR CODE

Find MICR Codes for DMK Jaoli Bank Satara Satara Maharashtra

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MICR Code	-NA-
Bank	DMK Jaoli Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Medha
Contact	285568
Bank Details	DMK Jaoli Bank Medha DMKJ0000009

Location	Satara, Satara
City	Satara
District	Satara
State	Maharashtra
Pincode	415012
Country	IN
Address	Medha city, tal jaoli, dist satara - 415012

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 Medha 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 Jaoli Bank, Medha branch makes the system almost error free and faster. Use of Jaoli Bank MICR codes for Medha branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of DMK Jaoli Bank are available with micr code -

>>Medha >>Panchgani >>Satara >>Shirwal >>Wai

MICR code for DMK Jaoli Bank Medha

DMK Jaoli Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Jaoli Bank MICR code for Medha 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 DMK Jaoli Bank for Medha branch. MICR code for Medha 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 Jaoli Bank Medha is presented in the table alongside.

Use of Jaoli Bank MICR code for Medha branch in satara

The MICR code 0 is used in RBI cheque clearing process to identify the branch Medha and Jaoli 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 DMK Jaoli Bank is typically in either of these two font’s: E-138 and CMC-7.

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