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DCB Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for DCB Mumbai Mumbai Maharashtra

MICR Code
Bank Development Credit Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nesbit Road (013)
Contact 23731859
Bank Details Development Credit Bank Ltd Nesbit Road (013) DCBL0000013
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400010
Country IN
Address 34, das compound, nesboit road, mazgaon, mumbai 400 010
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 400072013 for Nesbit Road (013) 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 400072013 of Development Credit Bank, Nesbit Road (013) branch makes the system almost error free and faster. Use of Development Credit Bank MICR codes for Nesbit Road (013) branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for DCB Nesbit Road (013)

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 Nesbit Road (013) 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. 400072013 is the MICR code of DCB for Nesbit Road (013) branch. MICR code for Nesbit Road (013) 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 Nesbit Road (013) is presented in the table alongside.

Use of Development Credit Bank MICR code for Nesbit Road (013) branch in mumbai

The MICR code 400072013 is used in RBI cheque clearing process to identify the branch Nesbit Road (013) 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.