MICR Code Bank
Find MICR code for Dena Bank Indore branches in India for NEFT and RTGS transfer

Dena Bank Indore MICR CODE

Find MICR Codes for Dena Bank Indore

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  1. Dena Bank »
  2. Madhya Pradesh »
  3. indore »
  4. indore »
  5. indore (navalakha)

Find MICR Codes for Dena Bank Indore

MICR Code: 452018005
Bank: Dena Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Indore (Navalakha)
Contact: 0731-5282028/2402332; Navala@denabank.Co.In
Bank Details: Dena Bank Indore (Navalakha) BKDN0810581
Location: Indore, Indore
City: Indore
District: Indore
State: Madhya Pradesh
Pincode: 452001
Country: IN
Address: Navalakha chouraha,mumbai- agra road,indore,madhya pradesh-452001

How does MICR code for 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 of Dena Bank, indore branch makes the system almost error free and faster. Use of Dena Bank MICR codes for indore branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Dena Bank 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 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. is the MICR code of Dena Bank for indore branch. MICR code for 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 indore is presented in the table alongside.

Use of Dena Bank MICR code for indore branch in indore

The MICR code is used in RBI cheque clearing process to identify the branch 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.