Dena Bank Palghar Thane Maharashtra MICR CODE

Find MICR Codes for Dena Bank Palghar Thane Maharashtra

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MICR Code	400018111
Bank	Dena Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Palghar
Contact	02525-252142/252763; Palgha@denabank.Co.In
Bank Details	Dena Bank Palghar BKDN0470243

Location	Palghar, Thane
City	Palghar
District	Thane
State	Maharashtra
Pincode	401404
Country	IN
Address	Manor road,palghar,thane-401404

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 400018111 for Palghar 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 400018111 of Dena Bank, Palghar branch makes the system almost error free and faster. Use of Dena Bank MICR codes for Palghar 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 -

>>Palghar >>Saravali

MICR code for Dena Bank Palghar

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 Palghar 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. 400018111 is the MICR code of Dena Bank for Palghar branch. MICR code for Palghar 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 Palghar is presented in the table alongside.

Use of Dena Bank MICR code for Palghar branch in palghar

The MICR code 400018111 is used in RBI cheque clearing process to identify the branch Palghar 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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