MICR Code Bank
Find MICR code for DMK Jaoli Bank branches in India for NEFT and RTGS transfer

DMK Jaoli Bank MICR CODE

Find MICR Codes for DMK Jaoli Bank

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Find MICR Codes for DMK Jaoli Bank

MICR Code: 415837001
Bank: DMK Jaoli Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Satara
Contact: 230556
Bank Details: DMK Jaoli Bank Satara DMKJ0000016
Location: Satara, Satara
City: Satara
District: Satara
State: Maharashtra
Pincode: 415002
Country: IN
Address: Pawar tower opp.kamani haud,guruwar peth ,satara city, dist-satara. -415 002

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

A total of 5 branches of DMK Jaoli Bank are available with micr code

>>Medha >>Panchgani >>Satara >>Shirwal >>Wai

MICR code for DMK Jaoli Bank

DMK Jaoli Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Jaoli 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 DMK Jaoli 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 Jaoli Bank is presented in the table alongside.

Use of Jaoli Bank MICR code for branch in satara

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