Let Others Know
×
LinkedIn
Email
WhatsApp

DSP Bank Durgapur Paschim Bardhaman West Bengal MICR CODE

Find MICR Codes for DSP Bank Durgapur Paschim Bardhaman West Bengal

MICR Code
Bank Durgapur Steel Peoples Cooperative Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Branch
Contact 2570593
Bank Details Durgapur Steel Peoples Cooperative Bank Ltd Branch DURG0000001
Location Durgapur, Paschim Bardhaman
City Durgapur
District Paschim Bardhaman
State West Bengal
Pincode 713216
Country IN
Address Benachity house durgapur 713204
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 0 for Branch 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 0 of DSP Coop Bank, Branch branch makes the system almost error free and faster. Use of DSP Coop Bank MICR codes for Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Durgapur Steel Peoples Cooperative Bank Ltd are available with micr code -

>>Branch >>Chandidas Branch >>Fuljhore >>Main Branch >>Muchipara >>Plant Branch

MICR code for DSP Bank Branch

DSP Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. DSP Coop Bank MICR code for Branch 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. 0 is the MICR code of DSP Bank for Branch branch. MICR code for Branch 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 DSP Coop Bank Branch is presented in the table alongside.

Use of DSP Coop Bank MICR code for Branch branch in durgapur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Branch and DSP Coop 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 DSP Bank is typically in either of these two font’s: E-138 and CMC-7.