Dena Bank Tivim North Goa Goa MICR CODE

Find MICR Codes for Dena Bank Tivim North Goa Goa

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MICR Code
Bank Dena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Tivim
Contact 0832-2298589;Tivim@denabank.Co.In
Bank Details Dena Bank Tivim BKDN0470218
Location Tivim, North Goa
City Tivim
District North Goa
State Goa
Pincode 403502
Country IN
Address Dena bank casa menezes( near post office),tivim, dist.bardez.,panaji,goa-403502
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 Tivim 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, Tivim branch makes the system almost error free and faster. Use of Dena Bank MICR codes for Tivim 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 -

>>Cansa >>Tivim

MICR code for Dena Bank Tivim

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

Use of Dena Bank MICR code for Tivim branch in tivim

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