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DCB Pipariya Hoshangabad Madhya Pradesh MICR CODE

Find MICR Codes for DCB Pipariya Hoshangabad Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	461072301
Bank	Development Credit Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Pipariya
Contact
Bank Details	Development Credit Bank Ltd Pipariya DCBL0000106

Location	Pipariya, Hoshangabad
City	Pipariya
District	Hoshangabad
State	Madhya Pradesh
Pincode	461775
Country	IN
Address	Plot no 52, radha krishnan ward, sobhapur road, ward no 18, pipariya, dist- hoshangabad madhya pradesh - 461 775.

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 461072301 for Pipariya 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 461072301 of Development Credit Bank, Pipariya branch makes the system almost error free and faster. Use of Development Credit Bank MICR codes for Pipariya branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Development Credit Bank Ltd are available with micr code -

>>Pipariya

MICR code for DCB Pipariya

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 Pipariya 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. 461072301 is the MICR code of DCB for Pipariya branch. MICR code for Pipariya 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 Pipariya is presented in the table alongside.

Use of Development Credit Bank MICR code for Pipariya branch in pipariya

The MICR code 461072301 is used in RBI cheque clearing process to identify the branch Pipariya 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.