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 Kolkota (Budge Budge) 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. 700018020 is the MICR code of Dena Bank for Kolkota (Budge Budge) branch. MICR code for Kolkota (Budge Budge) 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 Kolkota (Budge Budge) is presented in the table alongside.
The MICR code 700018020 is used in RBI cheque clearing process to identify the branch Kolkota (Budge Budge) 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.