Dena Bank Ratlam Ratlam Madhya Pradesh MICR CODE

Find MICR Codes for Dena Bank Ratlam Ratlam Madhya Pradesh

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MICR Code	457018501
Bank	Dena Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Pritam Nagar
Contact	9589981400;Pritam@denabank.Co.In
Bank Details	Dena Bank Pritam Nagar BKDN0811347

Location	Ratlam, Ratlam
City	Ratlam
District	Ratlam
State	Madhya Pradesh
Pincode	457441
Country	IN
Address	Dena bank, c/o shri prushottam sharma, village pritam nagar, dist ratlam, madhyapradesh

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 457018501 for Pritam Nagar 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 457018501 of Dena Bank, Pritam Nagar branch makes the system almost error free and faster. Use of Dena Bank MICR codes for Pritam Nagar 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 -

>>Pritam Nagar >>Ratlam

MICR code for Dena Bank Pritam Nagar

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 Pritam Nagar 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. 457018501 is the MICR code of Dena Bank for Pritam Nagar branch. MICR code for Pritam Nagar 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 Pritam Nagar is presented in the table alongside.

Use of Dena Bank MICR code for Pritam Nagar branch in ratlam

The MICR code 457018501 is used in RBI cheque clearing process to identify the branch Pritam Nagar 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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