HDFC Bank Margao South Goa Goa MICR CODE

Find MICR Codes for HDFC Bank Margao South Goa Goa

Bank
State
District
City
Branch
Address

MICR Code	403240068
Bank	Hdfc Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Gogol
Contact	9890603333
Bank Details	Hdfc Bank Ltd Gogol HDFC0004743

Location	Margao, South Goa
City	Margao
District	South Goa
State	Goa
Pincode	403601
Country	IN
Address	Hdfc bank ltd ground floor sh1 sh2 sh3 sh4 un de janeiro bldg opp bardez bazar margao salcete goa 403601

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 403240068 for Gogol 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 403240068 of HDFC Bank Ltd, Gogol branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Gogol branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Hdfc Bank Ltd are available with micr code -

>>Emscot House >>Goa Aquem Margao >>Gogol >>Margaon >>The Mapusa Urb Coop Bank Of Goa Ltd

MICR code for HDFC Bank Gogol

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 Gogol 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. 403240068 is the MICR code of HDFC for Gogol branch. MICR code for Gogol 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 Gogol is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Gogol branch in margao

The MICR code 403240068 is used in RBI cheque clearing process to identify the branch Gogol 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.

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