Delhi State Coop Bank Delhi Delhi New Delhi MICR CODE

Find MICR Codes for Delhi State Coop Bank Delhi Delhi New Delhi

Bank
State
District
City
Branch
Address
MICR Code: 110094002
Bank: The Delhi State Co-operative Bank Ltd.
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Daryaganj
Contact:
Bank Details: The Delhi State Co-operative Bank Ltd. Daryaganj DLSC0000002
Location: Delhi, Delhi
City: Delhi
District: Delhi
State: New Delhi
Pincode: 110002
Country: IN
Address: 31, Netaji Subhash Marg, Daryaganj, New Delhi-110002
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 110094002 for Daryaganj 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 110094002 of Delhi State Co Op Bank, Daryaganj branch makes the system almost error free and faster. Use of Delhi State Co Op Bank MICR codes for Daryaganj branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Delhi State Coop Bank Daryaganj

Delhi State Coop Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Delhi State Co Op Bank MICR code for Daryaganj 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. 110094002 is the MICR code of Delhi State Cooperative Bank for Daryaganj branch. MICR code for Daryaganj 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 Delhi State Co Op Bank Daryaganj is presented in the table alongside.

Use of Delhi State Co Op Bank MICR code for Daryaganj branch in delhi

The MICR code 110094002 is used in RBI cheque clearing process to identify the branch Daryaganj and Delhi State Co Op 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 Delhi State Cooperative Bank is typically in either of these two font’s: E-138 and CMC-7.