Dhanlakshmi Bank Palakkad Palakkad Kerala MICR CODE

Find MICR Codes for Dhanlakshmi Bank Palakkad Palakkad Kerala

MICR Code: -NA-
Bank: Dhanlaxmi Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Palakkad Big Bazar
Contact: 0491 2501453,
Bank Details: Dhanlaxmi Bank Ltd Palakkad Big Bazar DLXB0000003
Location: Palakkad, Palakkad
City: Palakkad
District: Palakkad
State: Kerala
Pincode: 678014
Country: IN
Address: 1st Floor, Hajee Complex, Market Road, 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 Big Bazar 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 Dhanlakshmi Bank, Palakkad Big Bazar branch makes the system almost error free and faster. Use of Dhanlakshmi Bank MICR codes for Palakkad Big Bazar 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 Big Bazar

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

Use of Dhanlakshmi Bank MICR code for Palakkad Big Bazar branch in palakkad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Palakkad Big Bazar and Dhanlakshmi 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 Dhanbank is typically in either of these two font’s: E-138 and CMC-7.