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DCB Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for DCB Mumbai Mumbai Maharashtra

MICR Code
Bank Development Credit Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Imamwada (003)
Contact 23731793
Bank Details Development Credit Bank Ltd Imamwada (003) DCBL0000003
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400009
Country IN
Address 116, immamwada road, karimabad chs, mumbai 400 009
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 400072003 for Imamwada (003) 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 400072003 of Development Credit Bank, Imamwada (003) branch makes the system almost error free and faster. Use of Development Credit Bank MICR codes for Imamwada (003) branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for DCB Imamwada (003)

DCB MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Development Credit Bank MICR code for Imamwada (003) 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. 400072003 is the MICR code of DCB for Imamwada (003) branch. MICR code for Imamwada (003) 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 Development Credit Bank Imamwada (003) is presented in the table alongside.

Use of Development Credit Bank MICR code for Imamwada (003) branch in mumbai

The MICR code 400072003 is used in RBI cheque clearing process to identify the branch Imamwada (003) and Development Credit 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 DCB is typically in either of these two font’s: E-138 and CMC-7.