Dena Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Dena Bank Pune Pune Maharashtra

MICR Code
Bank Dena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Retail Asset Branch Pune
Contact 020- 24451106,24451797;Rabpun@denabank.Co.In
Bank Details Dena Bank Retail Asset Branch Pune BKDN0511236
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411016
Country IN
Address Retail asset br pune,212 gandhi complex, narayan peth,pune-411016,maharashtra
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 411018013 for Retail Asset Branch Pune 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 411018013 of Dena Bank, Retail Asset Branch Pune branch makes the system almost error free and faster. Use of Dena Bank MICR codes for Retail Asset Branch Pune branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Dena Bank Retail Asset Branch Pune

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 Retail Asset Branch Pune 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. 411018013 is the MICR code of Dena Bank for Retail Asset Branch Pune branch. MICR code for Retail Asset Branch Pune 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 Retail Asset Branch Pune is presented in the table alongside.

Use of Dena Bank MICR code for Retail Asset Branch Pune branch in pune

The MICR code 411018013 is used in RBI cheque clearing process to identify the branch Retail Asset Branch Pune 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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