MICR Code Bank
Find MICR code for Deogiri Bank branches in India for NEFT and RTGS transfer

Deogiri Bank MICR CODE

Find MICR Codes for Deogiri Bank

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  1. Deogiri Nagari Sahakari Bank Ltd. »
  2. Maharashtra »
  3. aurangabad »
  4. aurangabad »
  5. mukundwadi

Find MICR Codes for Deogiri Bank

MICR Code: -NA-
Bank: Deogiri Nagari Sahakari Bank Ltd.
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Mukundwadi
Contact: 2240212
Bank Details: Deogiri Nagari Sahakari Bank Ltd. Mukundwadi DEOB0000007
Location: Aurangabad, Aurangabad
City: Aurangabad
District: Aurangabad
State: Maharashtra
Pincode: 431007
Country: IN
Address: Plot no.10 mayanagar,n-2,cidco,aurangabad

How does MICR code for 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 of Deogiri Sahakari Bank, branch makes the system almost error free and faster. Use of Deogiri Sahakari Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

A total of 13 branches of Deogiri Nagari Sahakari Bank Ltd. are available with micr code

>>Cidco >>Gulmandi >>Jawahar Colony >>Kranti Chowk >>Mayur Park >>Mukundwadi >>Railway Station Road >>Rtgsho >>Satara Parisar >>Service Branch >>Shivajinagar >>T.V.Centre >>Waluj

MICR code for Deogiri Bank

Deogiri Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Deogiri Sahakari Bank MICR code for 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. is the MICR code of Deogiri Bank for branch. MICR code for 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 Deogiri Sahakari Bank is presented in the table alongside.

Use of Deogiri Sahakari Bank MICR code for branch in aurangabad

The MICR code is used in RBI cheque clearing process to identify the branch and Deogiri Sahakari 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 Deogiri Bank is typically in either of these two font’s: E-138 and CMC-7.