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HDFC Bank Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for HDFC Bank Chandigarh Chandigarh Chandigarh

MICR Code
Bank Hdfc Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chandigarh Sector 37
Contact Sujit Kurup / Anant Shinde / Sandeep Puthran 022-30751912/ 2041 / 2042
Bank Details Hdfc Bank Ltd Chandigarh Sector 37 HDFC0000450
Location Chandigarh, Chandigarh
City Chandigarh
District Chandigarh
State Chandigarh
Pincode 160036
Country IN
Address Sco-382,sector 37-dchandigarhchandigarh160036
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 160240014 for Chandigarh Sector 37 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 160240014 of HDFC Bank Ltd, Chandigarh Sector 37 branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Chandigarh Sector 37 branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for HDFC Bank Chandigarh Sector 37

HDFC Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. HDFC Bank Ltd MICR code for Chandigarh Sector 37 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. 160240014 is the MICR code of HDFC for Chandigarh Sector 37 branch. MICR code for Chandigarh Sector 37 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 HDFC Bank Ltd Chandigarh Sector 37 is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Chandigarh Sector 37 branch in chandigarh

The MICR code 160240014 is used in RBI cheque clearing process to identify the branch Chandigarh Sector 37 and HDFC 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 HDFC is typically in either of these two font’s: E-138 and CMC-7.