Dhanlakshmi Bank Palakkad Palakkad Kerala MICR CODE

Find MICR Codes for Dhanlakshmi Bank Palakkad Palakkad Kerala

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MICR Code
Bank Dhanlaxmi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Palakkad Sultanpet
Contact 0491-2546653, 2547627
Bank Details Dhanlaxmi Bank Ltd Palakkad Sultanpet DLXB0000056
Location Palakkad, Palakkad
City Palakkad
District Palakkad
State Kerala
Pincode
Country IN
Address Lakshmi plaza coimbatore road sultanpet palakkad
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 Palakkad Sultanpet 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 Dhanbank, Palakkad Sultanpet branch makes the system almost error free and faster. Use of Dhanbank MICR codes for Palakkad Sultanpet branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Dhanlaxmi Bank Ltd are available with micr code -

>>Palakkad Big Bazar >>Palakkad Sultanpet >>Rpc Palakkad

MICR code for Dhanlakshmi Bank Palakkad Sultanpet

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

Use of Dhanbank MICR code for Palakkad Sultanpet branch in palakkad

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