The IFSC Code of Dena Bank is a set of 11 characters which is a combination of both alphabets and numbers. The IFSC Code of Dena Bank is different for every branch. This code is designed by Reserve Bank of India for all the private and public sector banks
Dena Bank IFSC Code Format
Dena Bank IFSC Code is an 11 character alphanumeric code that can be broken down into three parts. The first four characters represent the name of the bank, the fifth character is always zero while the last six characters denote the branch of the particular bank.
|Bank code||Zero||Branch code|
The IFSC Code of Dena Bank Andheri West (Mumbai) branch is BKDN0460043.
- In IFSC Code of Dena Bank, the first 4 characters (BKDN) stand for the ‘Bank Name’
- The fifth character is ‘0’ which remains same for all banks
- The last 6 characters (0460043) stands for the Dena Bank ‘Branch Code’
Some examples are as under -
Why do we need the Dena Bank IFSC Code?
Dena Bank IFSC Code is utilized by the fund transfer systems to recognize the origination and destination bank branches. So, the functioning of the online fund transfer systems like NEFT and RTGS is extensively dependent on IFSC code.
Moreover, the IFSC code is used by the RBI to keep a regular track of all the banking transactions, thereby minimizing the possible chances of any discrepancy in the fund transfer process
How to transfer money using the Dena Bank IFSC Code?
Using IFSC code, one can send money to another person who holds an account in any branch of the same or different bank by a number of ways:
National Electronic Funds Transfer (NEFT) is a fund transfer mode that works on deferred settlement basis which means the transactions are carried out in batches.
In order to carry out fund transactions through NEFT, the sender has to provide the following details
- Beneficiary’s name
- IFSC code of the beneficiary bank branch
- Account type
- Account number
Fund transfers through the Real Time Gross Settlement (RTGS) system occur on a real-time basis. In order to make a transaction using RTGS, the sender needs to provide the following details
- Name of the payee
- Account number
- IFSC code of the beneficiary’s bank branch
- Amount to be paid
Immediate Payment Services (IMPS) is a real-time instant inter-bank fund transfer system. This service is available 24x7, throughout the year. In order to send money, the sender needs to provide the following details
- Beneficiary’s account no
- Account type
- IFSC Code of beneficiary’s bank branch
- Beneficiary’s name
How to find the Dena Bank IFSC Code & MICR Code?
Customers can search for Dena Bank IFSC & MICR Code by any of the below-mentioned ways -
- Account-holders can search for the IFSC Code of Dena Bank using the online IFSC Search Tool offered by Paisabazaar. Account-holders can follow the steps mentioned below:
- In order to search for the Dena Bank IFSC code, customers need to visit the IFSC Code Locator Tool offered by Paisabazaar
- Type the name of the bank i.e. Dena Bank
- Enter the essential information like state and city
- Select the bank branch to check the Dena Bank IFSC Code of a specific bank branch
Alternatively, IFSC and MICR codes for any Dena Bank branch can be found on the Reserve Bank of India website.
Where to find Dena Bank IFSC Code?
Account-holders can check the Dena Bank IFSC Code on their bank cheque. The image below will help understand better:
- IFSC code is mentioned at the top of the cheque whereas Cheque number and MICR code is present at the bottom of the cheque
- Account-holders can also check their Dena Bank IFSC Code on their account passbook provided by the bank.
- Customers can also know their Dena bank IFSC code in the bank’s mobile application or through internet banking after login using the credentials.
What is the Dena Bank MICR Code?
Dena Bank MICR code is a unique 9-digit code that enables faster processing of cheques. Account-holders can check their Dena Bank MICR codes at the bottom of their cheque (as shown in the image above).
Structure of MICR Code
MICR Code is divided into 3 parts wherein the first 3 digits represent the city code the next three digits stand for the bank code while the last three digits represent the bank branch code.
Where to find Dena Bank MICR Code?
- Account-holders can check their Dena Bank MICR codes at the bottom of their cheque as shown in the image above
- One can look into the Dena Bank’s passbook as well for the same
- Dena Net banking Account and the Mobile Banking App can also be used to get the MICR Codes of the respective bank branch
What is the Dena Bank Swift Code?
Dena Bank Swift Code or Swift number is an internationally recognized identification code used for international wire transfers around the world. The code comprises 8 or 11 alphanumeric characters that are required to carry out overseas fund transfer. The Swift code of every bank branch is unique.
How to find the Dena Bank Swift Code?
Customers need to contact the Dena Customer Care Department to get the required Swift Code.
Difference between Dena Bank MICR Code, SWIFT Code, and IFSC code?
|IFSC Code||MICR Code||SWIFT Code|
|It is an 11-digit alphanumeric code||It is a 9-digit numeric code||Swift code consists of 8 to 11 characters|
|Used for online fund transfer via NEFT, RTGS, and IMPS||Used in faster processing or clearing of cheques||Used to facilitate international credit transfer between two banks|
|The first 4 characters indicate bank code, 5th character is always zero and the last 6 characters indicate the bank code||The first 3 digits represent the city code the next three digits stand for the bank code while the last three digits represent the bank branch code||First 4 characters indicate the bank code, next 2 represent country code, 5th & 6th character represent location code, last 3 are optional that represent branch code|
How to locate the nearest Dena Bank branch from IFSC Code?
IFSC Code of the Dena Bank can be used to locate any bank branch. The IFSC Code is formed in such a way that the first 4 characters represent the name of the bank, the fifth character is ‘0’ while the last 6 characters denote a particular bank branch.
Hence from the last 6 characters, one can locate the Dena Bank branch.
Does Dena Bank Credit Card has an IFSC Code?
No, a credit or a debit card doesn't contain any kind of IFSC Code.IFSC Code is a unique identification code designated by the Reserve Bank of India for each bank branch across the country used in the fund transfer system.
However, in case a cardholder wants to make the credit card bill payment, he/she has to enter the Dena Credit Card IFSC Code to make the payment through NEFT/RTGS.
What is the Dena Bank CIF Number?
CIF Number is the customer number with the bank to which all the accounts of a customer are linked. As per RBI guidelines a person can have only one CIF number with a bank. All the accounts should be linked to the same CIF.
What is the Dena Bank BSR Code?
BSR Code is a 7 digit code allotted by the Reserve bank of India to the registered banks in India. The code is composed of all 7-digits wherein the first three digits are for identification of the bank and the last four digits are for identification of the branch
Importance of BSR Code -
BSR Codes are used mainly when filing Tax Deduction at Source (TDS) and Tax Collected at Source (TCS) returns which helps banks to keep a clear record of every online payment done towards tax
How to find the Dena Bank branch Code?
If we look at the Dena Bank IFSC Code format, the first 4 characters represent the bank code. The fifth character is 0 (zero), whereas the last 6 characters of the code represent the respective branch.
So from the last 6 characters, one can find out the Dena Bank Branch code.