Dena Bank Chandgad Kolhapur Maharashtra MICR CODE

Find MICR Codes for Dena Bank Chandgad Kolhapur Maharashtra

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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	Shinoli
Contact	8888855486
Bank Details	Dena Bank Shinoli BKDN0511626

Location	Chandgad, Kolhapur
City	Chandgad
District	Kolhapur
State	Maharashtra
Pincode	416507
Country	IN
Address	At & post shinoli khurd tal chandgad dist kolhapur 416 507

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

>>Mangaon >>Shinoli

MICR code for Dena Bank Shinoli

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

Use of Dena Bank MICR code for Shinoli branch in chandgad

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