MICR Code Bank
Find MICR code for HDFC Bank branches in India for NEFT and RTGS transfer

HDFC Bank MICR CODE

Find MICR Codes for HDFC Bank

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  1. Hdfc Bank Ltd »
  2. Andhra Pradesh »
  3. hyderabad urban »
  4. hyderabad »
  5. hyderabad nacharam

Find MICR Codes for HDFC Bank

MICR Code: 500240010
Bank: Hdfc Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Hyderabad Nacharam
Contact: Sujit Kurup / Anant Shinde / Sandeep Puthran 022-30751912/ 2041 / 2042
Bank Details: Hdfc Bank Ltd Hyderabad Nacharam HDFC0000368
Location: Hyderabad, Hyderabad Urban
City: Hyderabad
District: Hyderabad Urban
State: Andhra Pradesh
Pincode: 501507
Country: IN
Address: No narmada arcade,plot no-131 snehapuri colonynacharamhyderabadandhra pradesh501507

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

MICR code for HDFC Bank

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

Use of HDFC Bank Ltd MICR code for branch in hyderabad

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