Dena Bank Loutulim South Goa Goa MICR CODE

Find MICR Codes for Dena Bank Loutulim South Goa Goa

Bank
State
District
City
Branch
Address

MICR Code	403018015
Bank	Dena Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Loutulim
Contact	0832-2777044;Loutul@denabank.Co.In
Bank Details	Dena Bank Loutulim BKDN0470219

Location	Loutulim, South Goa
City	Loutulim
District	South Goa
State	Goa
Pincode	403718
Country	IN
Address	Near church,loutulim salsette,goa 403 718

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 403018015 for Loutulim 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 403018015 of Dena Bank, Loutulim branch makes the system almost error free and faster. Use of Dena Bank MICR codes for Loutulim 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 -

>>Loutulim

MICR code for Dena Bank Loutulim

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 Loutulim 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. 403018015 is the MICR code of Dena Bank for Loutulim branch. MICR code for Loutulim 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 Loutulim is presented in the table alongside.

Use of Dena Bank MICR code for Loutulim branch in loutulim

The MICR code 403018015 is used in RBI cheque clearing process to identify the branch Loutulim 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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