Dena Bank Account Number

Dena bank was founded in the year 1938 and later nationalized by the Government of India in the year 1969. This well-known public sector bank is headquartered at Mumbai with a primary mission of providing premier financial services of great value that can ultimately contribute to boost economic growth. Federal Bank has its country wide presence with more than 1700 branches.

Dena Bank-Core Banking System

With the entire banking industry concentrating towards core-banking system, Dena bank also kept in pace with the change by introducing core banking system way back in 2006. Dena bank with 100% core banking branches provides various services to its customers on a digital platform. Dena bank uses Infosys’ Finacle software solution to provide core banking services to its customers.

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Dena Bank-Core Banking Account Number

With the introduction of core banking system and digitalization of banking services, older and shorter version of Dena bank account numbers are now converted to lengthy 12 digit account numbers. Though there is no uniform format maintained across banks for structuring the account number, every account number uniquely denotes customer’s relationship with the particular bank. System generated core banking account numbers are very much important for any online money transfer activity such as NEFT (National Electronic Fund Transfer), IMPS (Immediate Payment Services) and RTGS (Real Time Gross Settlement).

Core banking account numbers of Dena bank denote various details. It’s a combination of branch code where the account is held, type of product that you hold and the original account number.

For example, your account is held at Dena bank, Kurnool, Andhra Pradesh, your account number will start with 1337 as it’s the branch code of that particular branch.

Along with the account number, IFSC code and MICR code plays important role in making online transactions for customers.

Understanding the IFSC code

IFSC code is a unique 12 digit alpha numeric code that is compulsory for any electronic money transfer transaction. It’s a unique code assigned to each bank’s branch. Let’s understand with the Dena bank IFSC code.

• If the IFSC code is BKDN0611337
• First four digits ‘BKDN’ denotes the bank code i.e. Dena Bank in the example.
• Fifth digit is always zero as it’s reserved for future use.
• Last six digits are used to identify the bank branch as it denotes branch code of the particular bank. ‘611337’ is the ‘Kurnool, Andhra Pradesh’ branch of Dena bank.

Understanding the MICR code

MICR code is used for both electronic and cheque clearing processes. It’s a unique 9 digit numeric code that simplifies the transfer process.

Let’s take an example to understand. 518018002 is MICR code of Dena Bank, Kurnool, Andhra Pradesh branch. The code denotes-

• First three digits- denotes the city in which the bank is held as the pin code of the city is used.’518’ is code for Andhra Pradesh
• Next three digits – denotes the bank. ‘018’ is bank code for Dena Bank
• Last three digits – denotes the bank branch. Here ‘002’ stands for Kurnool branch of Dena Bank

Lastly, with 100% core banking solution and many digital offerings, Dena bank is embarking its journey in digital world at a good phase.