Dena Bank Morvi Rajkot Gujarat MICR CODE

Find MICR Codes for Dena Bank Morvi Rajkot Gujarat

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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	Paneli
Contact	9662620134
Bank Details	Dena Bank Paneli BKDN0311755

Location	Morvi, Rajkot
City	Morvi
District	Rajkot
State	Gujarat
Pincode	363642
Country	IN
Address	C/o,shri shamjibhai manjibhai kanzariya,main chowk,paneli,ta & dist morbi,pin-363642

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 Paneli 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, Paneli branch makes the system almost error free and faster. Use of Dena Bank MICR codes for Paneli branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Dena Bank are available with micr code -

>>Mahendra Nagar >>Morbi (Nehru Gate) >>Paneli >>Pipaliya

MICR code for Dena Bank Paneli

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

Use of Dena Bank MICR code for Paneli branch in morvi

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