Dena Bank Loha Nanded Maharashtra MICR CODE

Find MICR Codes for Dena Bank Loha Nanded Maharashtra

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State
District
City
Branch
Address

MICR Code	-NA-
Bank	Dena Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Loha
Contact	02466-242438;Loha@denabank.Co.In
Bank Details	Dena Bank Loha BKDN0510491

Location	Loha, Nanded
City	Loha
District	Nanded
State	Maharashtra
Pincode	431708
Country	IN
Address	Narayan smruti. Main road,opp civil court, loha ,dist nanded -431 708

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 Loha 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, Loha branch makes the system almost error free and faster. Use of Dena Bank MICR codes for Loha 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 -

>>Loha

MICR code for Dena Bank Loha

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 Loha 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 Loha branch. MICR code for Loha 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 Loha is presented in the table alongside.

Use of Dena Bank MICR code for Loha branch in loha

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