Dena Bank Nashik Nasik Maharashtra MICR CODE

Find MICR Codes for Dena Bank Nashik Nasik Maharashtra

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MICR Code
Bank Dena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Indira Nagar
Contact 9420829466
Bank Details Dena Bank Indira Nagar BKDN0521947
Location Nashik, Nasik
City Nashik
District Nasik
State Maharashtra
Pincode 422009
Country IN
Address Plot no.8,9,11,g.k. Nair plazzo, wadala pathardi road, opp. Parksyde residency, indira nagar, nashik,pin 422009
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 Indira Nagar 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 Dena Bank, Indira Nagar branch makes the system almost error free and faster. Use of Dena Bank MICR codes for Indira Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Dena Bank are available with micr code -

>>Adgaon Naka Panchavati >>Indira Nagar

MICR code for Dena Bank Indira Nagar

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

Use of Dena Bank MICR code for Indira Nagar branch in nashik

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

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