Dena Bank Nagda Dhar Madhya Pradesh MICR CODE

Find MICR Codes for Dena Bank Nagda Dhar Madhya Pradesh

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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	Nagda
Contact	07295-272227 9993662105; Nagda@denabank.Co.In
Bank Details	Dena Bank Nagda BKDN0810694

Location	Nagda, Dhar
City	Nagda
District	Dhar
State	Madhya Pradesh
Pincode	456335
Country	IN
Address	Nagda,dist. Dhar,madhya pradesh,

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

>>Nagda

MICR code for Dena Bank Nagda

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

Use of Dena Bank MICR code for Nagda branch in nagda

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