Dena Bank Satara Wai Maharashtra MICR CODE

Find MICR Codes for Dena Bank Satara Wai 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	Wai
Contact	9423864924
Bank Details	Dena Bank Wai BKDN0511823

Location	Satara, Wai
City	Satara
District	Wai
State	Maharashtra
Pincode	412803
Country	IN
Address	9y5sniwisfficwitlwiistst408

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

>>Wai

MICR code for Dena Bank Wai

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

Use of Dena Bank MICR code for Wai branch in satara

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