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Bandhan Bank Hyderabad Hyderabad Telangana MICR CODE

Find MICR Codes for Bandhan Bank Hyderabad Hyderabad Telangana

MICR Code
Bank Bandhan Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Madhapur
Contact 66090909
Bank Details Bandhan Bank Limited Madhapur BDBL0001873
Location Hyderabad, Hyderabad
City Hyderabad
District Hyderabad
State Telangana
Pincode 500081
Country IN
Address Plot no-31, door no -1-118, 31, ground floor, rohini layout, opposite-cyber tower, madhapur, hyderabad, telengana, pin-500081
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 500750008 for Madhapur 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 500750008 of Bandhan Bank Ltd, Madhapur branch makes the system almost error free and faster. Use of Bandhan Bank Ltd MICR codes for Madhapur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bandhan Bank Madhapur

Bandhan Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Bandhan Bank Ltd MICR code for Madhapur 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. 500750008 is the MICR code of Bandhan Bank for Madhapur branch. MICR code for Madhapur 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 Bandhan Bank Ltd Madhapur is presented in the table alongside.

Use of Bandhan Bank Ltd MICR code for Madhapur branch in hyderabad

The MICR code 500750008 is used in RBI cheque clearing process to identify the branch Madhapur and Bandhan Bank Ltd 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 Bandhan Bank is typically in either of these two font’s: E-138 and CMC-7.