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HDFC Bank Bilaspur Bilaspur Chhattisgarh MICR CODE

Find MICR Codes for HDFC Bank Bilaspur Bilaspur Chhattisgarh

MICR Code
Bank Hdfc Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Tifra Bilaspur
Contact 1860-2676161
Bank Details Hdfc Bank Ltd Tifra Bilaspur HDFC0007231
Location Bilaspur, Bilaspur
City Bilaspur
District Bilaspur
State Chhattisgarh
Pincode 495001
Country IN
Address Khasra no 1404 6 ward no 14 mauza tifra bilaspur chhattisgarh 495001
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 495240008 for Tifra Bilaspur 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 495240008 of HDFC Bank Ltd, Tifra Bilaspur branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Tifra Bilaspur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for HDFC Bank Tifra Bilaspur

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 Tifra Bilaspur 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. 495240008 is the MICR code of HDFC for Tifra Bilaspur branch. MICR code for Tifra Bilaspur 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 Tifra Bilaspur is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Tifra Bilaspur branch in bilaspur

The MICR code 495240008 is used in RBI cheque clearing process to identify the branch Tifra Bilaspur 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.