Dena Bank Sativali Thane Maharashtra MICR CODE

Find MICR Codes for Dena Bank Sativali Thane Maharashtra

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MICR Code	400018097
Bank	Dena Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Sativali
Contact	95250-2480960;Sativa@denabank.Co.In
Bank Details	Dena Bank Sativali BKDN0471002

Location	Sativali, Thane
City	Sativali
District	Thane
State	Maharashtra
Pincode	401208
Country	IN
Address	Gram panchayat bhavan,sativali 401 208 tal vasai

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 400018097 for Sativali 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 400018097 of Dena Bank, Sativali branch makes the system almost error free and faster. Use of Dena Bank MICR codes for Sativali 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 -

>>Sativali

MICR code for Dena Bank Sativali

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 Sativali 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. 400018097 is the MICR code of Dena Bank for Sativali branch. MICR code for Sativali 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 Sativali is presented in the table alongside.

Use of Dena Bank MICR code for Sativali branch in sativali

The MICR code 400018097 is used in RBI cheque clearing process to identify the branch Sativali 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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