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Deogiri Bank Aurangabad Aurangabad Maharashtra MICR CODE

Find MICR Codes for Deogiri Bank Aurangabad Aurangabad Maharashtra

MICR Code
Bank Deogiri Nagari Sahakari Bank Ltd.
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Cidco
Contact 2240212
Bank Details Deogiri Nagari Sahakari Bank Ltd. Cidco DEOB0000004
Location Aurangabad, Aurangabad
City Aurangabad
District Aurangabad
State Maharashtra
Pincode
Country IN
Address N-7 shopping complex,opp.wokhardt company,cidco,aurangabad
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 Cidco 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 Deogiri Sahakari Bank, Cidco branch makes the system almost error free and faster. Use of Deogiri Sahakari Bank MICR codes for Cidco branch, makes the characters readable even if there are other marks and stamps on it.

A total of 13 branches of Deogiri Nagari Sahakari Bank Ltd. are available with micr code -

>>Cidco >>Gulmandi >>Jawahar Colony >>Kranti Chowk >>Mayur Park >>Mukundwadi >>Railway Station Road >>Rtgsho >>Satara Parisar >>Service Branch >>Shivajinagar >>T.V.Centre >>Waluj

MICR code for Deogiri Bank Cidco

Deogiri Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Deogiri Sahakari Bank MICR code for Cidco 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 Deogiri Bank for Cidco branch. MICR code for Cidco 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 Deogiri Sahakari Bank Cidco is presented in the table alongside.

Use of Deogiri Sahakari Bank MICR code for Cidco branch in aurangabad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Cidco and Deogiri Sahakari 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 Deogiri Bank is typically in either of these two font’s: E-138 and CMC-7.