Hana Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Hana Bank Chennai Chennai Tamil Nadu

Bank
State
District
City
Branch
Address
MICR Code: -NA-
Bank: KEB Hana Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Rtgsho
Contact: 49056320
Bank Details: KEB Hana Bank Rtgsho KOEX0000001
Location: Chennai, Chennai
City: Chennai
District: Chennai
State: Tamil Nadu
Pincode: 600004
Country: IN
Address: 4TH FLOOR, NO 29 BANNARI AMMAN TOWERS, DR.RADHAKRISHNAN SALAI, MYLAPORE, CHENNAI 4
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 0 for Rtgsho 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 0 of Hana Bank, Rtgsho branch makes the system almost error free and faster. Use of Hana Bank MICR codes for Rtgsho branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of KEB Hana Bank are available with micr code -

>>Rtgsho

MICR code for Hana Bank Rtgsho

Hana Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Hana Bank MICR code for Rtgsho 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. 0 is the MICR code of KEB Hana Bank for Rtgsho branch. MICR code for Rtgsho 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 Hana Bank Rtgsho is presented in the table alongside.

Use of Hana Bank MICR code for Rtgsho branch in chennai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Rtgsho and Hana 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 KEB Hana Bank is typically in either of these two font’s: E-138 and CMC-7.