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

Dhanlakshmi Bank MICR CODE

Find MICR Codes for Dhanlakshmi Bank

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  1. Dhanlaxmi Bank Ltd »
  2. Maharashtra »
  3. mumbai »
  4. mumbai »
  5. borivli

Find MICR Codes for Dhanlakshmi Bank

MICR Code: 400048010
Bank: Dhanlaxmi Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Borivli
Contact: 9619490082
Bank Details: Dhanlaxmi Bank Ltd Borivli DLXB0000201
Location: Mumbai, Mumbai
City: Mumbai
District: Mumbai
State: Maharashtra
Pincode: 400092
Country: IN
Address: Ground floor, shop no. 2, 3 & 4, kapoor apartment, chandavarkar road, borivli (west), mumbai, maharashtra - 400 092.

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 Dhanbank, branch makes the system almost error free and faster. Use of Dhanbank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Dhanlaxmi Bank Ltd are available with micr code

>>Borivli >>Cbd Belapur >>Mumbai Central

MICR code for Dhanlakshmi Bank

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

Use of Dhanbank MICR code for branch in mumbai

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