MICR Code Bank
Find MICR code for DCB Goregaon branches in India for NEFT and RTGS transfer

DCB Goregaon MICR CODE

Find MICR Codes for DCB Goregaon

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  1. Development Credit Bank Ltd »
  2. Maharashtra »
  3. mumbai »
  4. mumbai »
  5. goregaon (008)

Find MICR Codes for DCB Goregaon

MICR Code: 400072008
Bank: Development Credit Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Goregaon (008)
Contact: 26863416
Bank Details: Development Credit Bank Ltd Goregaon (008) DCBL0000008
Location: Mumbai, Mumbai
City: Mumbai
District: Mumbai
State: Maharashtra
Pincode: 400063
Country: IN
Address: Chitnis bungaloe, station road, goregoan(east), mumbai 400 063

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

MICR code for DCB goregaon

DCB MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Development Credit Bank MICR code for goregaon 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 DCB for goregaon branch. MICR code for goregaon 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 Development Credit Bank goregaon is presented in the table alongside.

Use of Development Credit Bank MICR code for goregaon branch in mumbai

The MICR code is used in RBI cheque clearing process to identify the branch goregaon and Development Credit 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 DCB is typically in either of these two font’s: E-138 and CMC-7.