Dena Bank Satara Shendre Maharashtra MICR CODE

Find MICR Codes for Dena Bank Satara Shendre Maharashtra

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MICR Code
Bank Dena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shendra Ban
Contact 9822663384
Bank Details Dena Bank Shendra Ban BKDN0521777
Location Satara, Shendre
City Satara
District Shendre
State Maharashtra
Pincode 431201
Country IN
Address Co satish ramdas patil, plot no d 25, 5 star industrial area, shendra, aurangabad 431201
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 Shendra Ban 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, Shendra Ban branch makes the system almost error free and faster. Use of Dena Bank MICR codes for Shendra Ban 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 -

>>Shendra Ban

MICR code for Dena Bank Shendra Ban

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 Shendra Ban 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 Shendra Ban branch. MICR code for Shendra Ban 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 Shendra Ban is presented in the table alongside.

Use of Dena Bank MICR code for Shendra Ban branch in satara

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