MICR Code Bank
Find MICR code for Akola DCC Bank branches in India for NEFT and RTGS transfer

Akola DCC Bank MICR CODE

Find MICR Codes for Akola DCC Bank

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  1. The Akola District Central Co-operative Bank »
  2. Maharashtra »
  3. akola »
  4. akola »
  5. dr.pdkv branch akola

Find MICR Codes for Akola DCC Bank

MICR Code: 444831009
Bank: The Akola District Central Co-operative Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Dr.Pdkv Branch Akola
Contact:
Bank Details: The Akola District Central Co-operative Bank Dr.Pdkv Branch Akola ADCC0000009
Location: Akola, Akola
City: Akola
District: Akola
State: Maharashtra
Pincode: 444004
Country: IN
Address: The akola district central coop. Bank ltd., in p.d.k.v. Premices, akola. 444004

How does MICR code for 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 of Akola District Bank, branch makes the system almost error free and faster. Use of Akola District Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Akola DCC Bank

Akola DCC Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Akola District Bank MICR code for 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. is the MICR code of Akola District Co-Op Bank for branch. MICR code for 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 Akola District Bank is presented in the table alongside.

Use of Akola District Bank MICR code for branch in akola

The MICR code is used in RBI cheque clearing process to identify the branch and Akola District 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 Akola District Co-Op Bank is typically in either of these two font’s: E-138 and CMC-7.