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HSBC Raipur Raipur Chhattisgarh MICR CODE

Find MICR Codes for HSBC Raipur Raipur Chhattisgarh

MICR Code
Bank Hsbc
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Raipur
Contact Ajay Sondhi Ph: 9826954111 E-Mail: Ajaysondhi@hsbc.Co.In
Bank Details Hsbc Raipur HSBC0492002
Location Raipur, Raipur
City Raipur
District Raipur
State Chhattisgarh
Pincode 492001
Country IN
Address D m plaza, holding no. 8/127, moulana abdul rauf ward no.36, fire brigade chowk, chhotapara, raipur - 492001
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 492039002 for Raipur 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 492039002 of HSBC Bank, Raipur branch makes the system almost error free and faster. Use of HSBC Bank MICR codes for Raipur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Hsbc are available with micr code -

>>Raipur

MICR code for HSBC Raipur

HSBC MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. HSBC Bank MICR code for Raipur 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. 492039002 is the MICR code of Hongkong And Shanghai Banking Corporation for Raipur branch. MICR code for Raipur 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 HSBC Bank Raipur is presented in the table alongside.

Use of HSBC Bank MICR code for Raipur branch in raipur

The MICR code 492039002 is used in RBI cheque clearing process to identify the branch Raipur and HSBC Bank 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 Hongkong And Shanghai Banking Corporation is typically in either of these two font’s: E-138 and CMC-7.