HDFC Bank Hyderabad Hyderabad Andhra Pradesh MICR CODE

Find MICR Codes for HDFC Bank Hyderabad Hyderabad Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	500240037
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	Shaikpet
Contact	Sujit Kurup / Anant Shinde / Sandeep Puthran 022-30751912/ 2041 / 2042
Bank Details	Hdfc Bank Ltd Shaikpet HDFC0001629

Location	Hyderabad, Hyderabad
City	Hyderabad
District	Hyderabad
State	Andhra Pradesh
Pincode	500045
Country	IN
Address	No. 8-1-300/2 ground floor,krest beside international high school shaikpet

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 500240037 for Shaikpet 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 500240037 of HDFC Bank Ltd, Shaikpet branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Shaikpet branch, makes the characters readable even if there are other marks and stamps on it.

A total of 45 branches of Hdfc Bank Ltd are available with micr code -

MICR code for HDFC Bank Shaikpet

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 Shaikpet 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. 500240037 is the MICR code of HDFC for Shaikpet branch. MICR code for Shaikpet 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 Shaikpet is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Shaikpet branch in hyderabad

The MICR code 500240037 is used in RBI cheque clearing process to identify the branch Shaikpet 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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