HDFC Bank Ratlam Ratlam Madhya Pradesh MICR CODE

Find MICR Codes for HDFC Bank Ratlam Ratlam Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	457240002
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	Ratlam Madhya Pradesh
Contact	Sujit Kurup / Anant Shinde / Sandeep Puthran 022-30751912/ 2041 / 2042
Bank Details	Hdfc Bank Ltd Ratlam Madhya Pradesh HDFC0000475

Location	Ratlam, Ratlam
City	Ratlam
District	Ratlam
State	Madhya Pradesh
Pincode	457001
Country	IN
Address	90, station road, ratlam, madhya pradesh - 457001

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 457240002 for Ratlam Madhya Pradesh 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 457240002 of HDFC Bank Ltd, Ratlam Madhya Pradesh branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Ratlam Madhya Pradesh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Hdfc Bank Ltd are available with micr code -

>>Alkapuri Ratlam >>Itawa Kalan >>Ratlam >>Ratlam Madhya Pradesh

MICR code for HDFC Bank Ratlam Madhya Pradesh

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 Ratlam Madhya Pradesh 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. 457240002 is the MICR code of HDFC for Ratlam Madhya Pradesh branch. MICR code for Ratlam Madhya Pradesh 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 Ratlam Madhya Pradesh is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Ratlam Madhya Pradesh branch in ratlam

The MICR code 457240002 is used in RBI cheque clearing process to identify the branch Ratlam Madhya Pradesh 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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