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Dhanlakshmi Bank Palanpur Banas Kantha Gujarat MICR CODE

Find MICR Codes for Dhanlakshmi Bank Palanpur Banas Kantha Gujarat

MICR Code
Bank Dhanlaxmi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Palanpur
Contact 9687615575
Bank Details Dhanlaxmi Bank Ltd Palanpur DLXB0000224
Location Palanpur, Banas Kantha
City Palanpur
District Banas Kantha
State Gujarat
Pincode 385001
Country IN
Address Palanpur branch, tirupati shopping plaza, gidc plot no. 1, ashirwad hall, palanpur - 385001
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 385048001 for Palanpur 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 385048001 of Dhanbank, Palanpur branch makes the system almost error free and faster. Use of Dhanbank MICR codes for Palanpur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Dhanlaxmi Bank Ltd are available with micr code -

>>Palanpur

MICR code for Dhanlakshmi Bank Palanpur

Dhanlakshmi Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Dhanbank MICR code for Palanpur 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. 385048001 is the MICR code of Dhanlakshmi Bank for Palanpur branch. MICR code for Palanpur 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 Palanpur is presented in the table alongside.

Use of Dhanbank MICR code for Palanpur branch in palanpur

The MICR code 385048001 is used in RBI cheque clearing process to identify the branch Palanpur 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.