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Dena Bank Bhopal Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for Dena Bank Bhopal Bhopal Madhya Pradesh

MICR Code
Bank Dena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Koh E Fiza Madhya Pradesh
Contact 0755-2541118
Bank Details Dena Bank Koh E Fiza Madhya Pradesh BKDN0811075
Location Bhopal, Bhopal
City Bhopal
District Bhopal
State Madhya Pradesh
Pincode 462001
Country IN
Address Plot-38 a, , bda colony, singhai apartment, koh-e-fiza, bhopal-462001
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 462018005 for Koh E Fiza Madhya Pradesh 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 462018005 of Dena Bank, Koh E Fiza Madhya Pradesh branch makes the system almost error free and faster. Use of Dena Bank MICR codes for Koh E Fiza Madhya Pradesh branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Dena Bank Koh E Fiza Madhya Pradesh

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 Koh E Fiza Madhya Pradesh 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. 462018005 is the MICR code of Dena Bank for Koh E Fiza Madhya Pradesh branch. MICR code for Koh E Fiza Madhya Pradesh 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 Koh E Fiza Madhya Pradesh is presented in the table alongside.

Use of Dena Bank MICR code for Koh E Fiza Madhya Pradesh branch in bhopal

The MICR code 462018005 is used in RBI cheque clearing process to identify the branch Koh E Fiza Madhya Pradesh 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.