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Dena Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Dena Bank Indore Indore Madhya Pradesh

MICR Code
Bank Dena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Futhi Kothi Indore
Contact 0731-2484500;Footik@denabank.Co.In
Bank Details Dena Bank Futhi Kothi Indore BKDN0811222
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 452009
Country IN
Address 983 a , sudama nagar , footi kothi main road , indore - 452009 , madhya pradesh
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 452018008 for Futhi Kothi Indore 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 452018008 of Dena Bank, Futhi Kothi Indore branch makes the system almost error free and faster. Use of Dena Bank MICR codes for Futhi Kothi Indore branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Dena Bank Futhi Kothi Indore

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 Futhi Kothi Indore 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. 452018008 is the MICR code of Dena Bank for Futhi Kothi Indore branch. MICR code for Futhi Kothi Indore 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 Futhi Kothi Indore is presented in the table alongside.

Use of Dena Bank MICR code for Futhi Kothi Indore branch in indore

The MICR code 452018008 is used in RBI cheque clearing process to identify the branch Futhi Kothi Indore 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.