Dena Bank Taharabad Nasik Maharashtra MICR CODE

Find MICR Codes for Dena Bank Taharabad Nasik Maharashtra

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MICR Code
Bank Dena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Taharabad
Contact 02555-242239;Tahara@denabank.Co.In
Bank Details Dena Bank Taharabad BKDN0520672
Location Taharabad, Nasik
City Taharabad
District Nasik
State Maharashtra
Pincode 423302
Country IN
Address Taharabad,tal. Baglan,dist. Nashik,maharashtra
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 Taharabad 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, Taharabad branch makes the system almost error free and faster. Use of Dena Bank MICR codes for Taharabad 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 -

>>Taharabad

MICR code for Dena Bank Taharabad

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

Use of Dena Bank MICR code for Taharabad branch in taharabad

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