Dena Bank Nasik Nashik Maharashtra MICR CODE

Find MICR Codes for Dena Bank Nasik Nashik Maharashtra

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MICR Code
Bank Dena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Khutward Nagar
Contact 9011701777
Bank Details Dena Bank Khutward Nagar BKDN0521803
Location Nasik, Nashik
City Nasik
District Nashik
State Maharashtra
Pincode 422010
Country IN
Address Ground floor, sai anand building ,nearý vivekanand chowk, khutward nagar, nashik 422010ý
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 Khutward 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, Khutward Nagar branch makes the system almost error free and faster. Use of Dena Bank MICR codes for Khutward Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Dena Bank are available with micr code -

>>Khutward Nagar

MICR code for Dena Bank Khutward 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 Khutward 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 Khutward Nagar branch. MICR code for Khutward 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 Khutward Nagar is presented in the table alongside.

Use of Dena Bank MICR code for Khutward Nagar branch in nasik

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