Dena Bank Verem North Goa Goa MICR CODE

Find MICR Codes for Dena Bank Verem North Goa Goa

Bank
State
District
City
Branch
Address

MICR Code	403018010
Bank	Dena Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Verem
Contact	0832-2402300;Verem@denabank.Co.In
Bank Details	Dena Bank Verem BKDN0470499

Location	Verem, North Goa
City	Verem
District	North Goa
State	Goa
Pincode	403114
Country	IN
Address	Main road,po reshmagos,goa 403 114

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 403018010 for Verem 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 403018010 of Dena Bank, Verem branch makes the system almost error free and faster. Use of Dena Bank MICR codes for Verem 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 -

>>Verem

MICR code for Dena Bank Verem

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 Verem 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. 403018010 is the MICR code of Dena Bank for Verem branch. MICR code for Verem 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 Verem is presented in the table alongside.

Use of Dena Bank MICR code for Verem branch in verem

The MICR code 403018010 is used in RBI cheque clearing process to identify the branch Verem 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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