Dhanlakshmi Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Dhanlakshmi Bank Mumbai Greater Bombay Maharashtra

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MICR Code
Bank Dhanlaxmi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mumbai Matunga
Contact 022-24141310 Fax : 24151109
Bank Details Dhanlaxmi Bank Ltd Mumbai Matunga DLXB0000124
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400019
Country IN
Address 2/323-b,sudhir sadan, chandavarkar road , matunga mumbai.
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 400048003 for Mumbai Matunga 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 400048003 of Dhanbank, Mumbai Matunga branch makes the system almost error free and faster. Use of Dhanbank MICR codes for Mumbai Matunga branch, makes the characters readable even if there are other marks and stamps on it.

A total of 10 branches of Dhanlaxmi Bank Ltd are available with micr code -

>>Andheri >>Ghatkopar >>Goregoan >>Mulund >>Mumbai Chembur >>Mumbai Fort >>Mumbai Matunga >>Mumbai Sion >>Service Branch Mumbai >>Treasury Dept Mumbai

MICR code for Dhanlakshmi Bank Mumbai Matunga

Dhanlakshmi Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Dhanbank MICR code for Mumbai Matunga 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. 400048003 is the MICR code of Dhanlakshmi Bank for Mumbai Matunga branch. MICR code for Mumbai Matunga 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 Dhanbank Mumbai Matunga is presented in the table alongside.

Use of Dhanbank MICR code for Mumbai Matunga branch in mumbai

The MICR code 400048003 is used in RBI cheque clearing process to identify the branch Mumbai Matunga and Dhanbank 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 Dhanlakshmi Bank is typically in either of these two font’s: E-138 and CMC-7.

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