Dena Bank Bangalore Rural Bangalore Rural Karnataka MICR CODE

Find MICR Codes for Dena Bank Bangalore Rural Bangalore Rural Karnataka

MICR Code
Bank Dena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Budigere
Contact 080-27604181;Budige@denabank.Co.In
Bank Details Dena Bank Budigere BKDN0610433
Location Bangalore Rural, Bangalore Rural
City Bangalore Rural
District Bangalore Rural
State Karnataka
Pincode 562129
Country IN
Address 433, main road,tal. Devanahalli,via sulibele,dist. Budigere
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 Budigere 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 Dena Bank, Budigere branch makes the system almost error free and faster. Use of Dena Bank MICR codes for Budigere branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Dena Bank are available with micr code -

>>Budigere

MICR code for Dena Bank Budigere

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

Use of Dena Bank MICR code for Budigere branch in bangalore rural

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

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