HDFC Bank Mandideep Raisen Madhya Pradesh MICR CODE

Find MICR Codes for HDFC Bank Mandideep Raisen Madhya Pradesh

MICR Code
Bank Hdfc Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mandideep
Contact 9893603333
Bank Details Hdfc Bank Ltd Mandideep HDFC0004019
Location Mandideep, Raisen
City Mandideep
District Raisen
State Madhya Pradesh
Pincode 462046
Country IN
Address 207 sector b mandideep dist raisen mp mandideep mandideep madhya pradesh 462046
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 462240013 for Mandideep 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 462240013 of HDFC Bank Ltd, Mandideep branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Mandideep branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Hdfc Bank Ltd are available with micr code -

>>Mandideep

MICR code for HDFC Bank Mandideep

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 Mandideep 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. 462240013 is the MICR code of HDFC for Mandideep branch. MICR code for Mandideep 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 Mandideep is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Mandideep branch in mandideep

The MICR code 462240013 is used in RBI cheque clearing process to identify the branch Mandideep 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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