HDFC Bank Nizamabad Nizamabad Andhra Pradesh MICR CODE

Find MICR Codes for HDFC Bank Nizamabad Nizamabad Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	503240006
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	Mugpal
Contact	99494 93333
Bank Details	Hdfc Bank Ltd Mugpal HDFC0003431

Location	Nizamabad, Nizamabad
City	Nizamabad
District	Nizamabad
State	Andhra Pradesh
Pincode	503230
Country	IN
Address	1-124, 29-11,mugpal village, dist- nizamabad, nizamabad andhra pradesh 503230

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 503240006 for Mugpal 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 503240006 of HDFC Bank Ltd, Mugpal branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Mugpal branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Hdfc Bank Ltd are available with micr code -

>>Bainsa >>Chimrajpalle >>Gopanpalle >>Mugpal >>Nadepalle >>The Gayatri Co Op Urban Bank Ltd >>Vannel (Khurd)

MICR code for HDFC Bank Mugpal

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 Mugpal 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. 503240006 is the MICR code of HDFC for Mugpal branch. MICR code for Mugpal 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 Mugpal is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Mugpal branch in nizamabad

The MICR code 503240006 is used in RBI cheque clearing process to identify the branch Mugpal 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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