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 Chandidas 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. 713836204 is the MICR code of DSP Bank for Chandidas Branch branch. MICR code for Chandidas 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 Chandidas Branch is presented in the table alongside.
The MICR code 713836204 is used in RBI cheque clearing process to identify the branch Chandidas 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.