Dena Bank Sagar Sagar Madhya Pradesh MICR CODE

Find MICR Codes for Dena Bank Sagar Sagar Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	470018001
Bank	Dena Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Sagar
Contact	07582-244974/Sagar@denabank.Co.In
Bank Details	Dena Bank Sagar BKDN0810894

Location	Sagar, Sagar
City	Sagar
District	Sagar
State	Madhya Pradesh
Pincode	470002
Country	IN
Address	Ajij rain manjil, gujrati bazar

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 470018001 for Sagar 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 470018001 of Dena Bank, Sagar branch makes the system almost error free and faster. Use of Dena Bank MICR codes for Sagar 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 -

>>Sagar

MICR code for Dena Bank Sagar

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 Sagar 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. 470018001 is the MICR code of Dena Bank for Sagar branch. MICR code for Sagar 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 Sagar is presented in the table alongside.

Use of Dena Bank MICR code for Sagar branch in sagar

The MICR code 470018001 is used in RBI cheque clearing process to identify the branch Sagar 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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