HDFC Bank Ahmadnagar Ahmadnagar Maharashtra MICR CODE

Find MICR Codes for HDFC Bank Ahmadnagar Ahmadnagar Maharashtra

MICR Code
Bank Hdfc Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sakuri
Contact 61606161
Bank Details Hdfc Bank Ltd Sakuri HDFC0003738
Location Ahmadnagar, Ahmadnagar
City Ahmadnagar
District Ahmadnagar
State Maharashtra
Pincode 412410
Country IN
Address Hdfc bank ltd ground floor at post sakuri tal rahate ahmednagar maharashtra423107
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 423240303 for Sakuri 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 423240303 of HDFC Bank Ltd, Sakuri branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Sakuri branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for HDFC Bank Sakuri

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 Sakuri 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. 423240303 is the MICR code of HDFC for Sakuri branch. MICR code for Sakuri 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 Sakuri is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Sakuri branch in ahmadnagar

The MICR code 423240303 is used in RBI cheque clearing process to identify the branch Sakuri 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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