Dena Bank Nasik Nasik Maharashtra MICR CODE

Find MICR Codes for Dena Bank Nasik Nasik Maharashtra

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MICR Code	-NA-
Bank	Dena Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Lohoner Savaki
Contact	22-1800223344
Bank Details	Dena Bank Lohoner Savaki BKDN0521435

Location	Nasik, Nasik
City	Nasik
District	Nasik
State	Maharashtra
Pincode	423102
Country	IN
Address	Dena bank at po lohoner savaki tal nashik lohoner nashik maharashtra 423301

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

A total of 6 branches of Dena Bank are available with micr code -

>>Brahmangaon >>Dhakambe >>Dharangaon Vir >>Lohoner Savaki >>Munjwad >>Musalgaon

MICR code for Dena Bank Lohoner Savaki

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 Lohoner Savaki 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 Lohoner Savaki branch. MICR code for Lohoner Savaki 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 Lohoner Savaki is presented in the table alongside.

Use of Dena Bank MICR code for Lohoner Savaki branch in nasik

The MICR code 0 is used in RBI cheque clearing process to identify the branch Lohoner Savaki 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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