HDFC Bank Palanpur Banas Kantha Gujarat MICR CODE

Find MICR Codes for HDFC Bank Palanpur Banas Kantha Gujarat

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MICR Code	385802001
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	Banaskantha Mercantile Co. Bk. Ltd
Contact	02742-253849/02742-260274
Bank Details	Hdfc Bank Ltd Banaskantha Mercantile Co. Bk. Ltd HDFC0CTBMCB

Location	Palanpur, Banas Kantha
City	Palanpur
District	Banas Kantha
State	Gujarat
Pincode	385001
Country	IN
Address	Old gunj road , palanpur - 385001

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.

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Banaskantha Mercantile Co. Bk. Ltd (385802001)

How does MICR code 385802001 for Banaskantha Mercantile Co. Bk. Ltd 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 385802001 of HDFC Bank Ltd, Banaskantha Mercantile Co. Bk. Ltd branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Banaskantha Mercantile Co. Bk. Ltd branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Hdfc Bank Ltd are available with micr code -

>>Abu Highway Palanpur >>Banaskantha Mercantile Co. Bk. Ltd

MICR code for HDFC Bank Banaskantha Mercantile Co. Bk. Ltd

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 Banaskantha Mercantile Co. Bk. Ltd 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. 385802001 is the MICR code of HDFC for Banaskantha Mercantile Co. Bk. Ltd branch. MICR code for Banaskantha Mercantile Co. Bk. Ltd 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 Banaskantha Mercantile Co. Bk. Ltd is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Banaskantha Mercantile Co. Bk. Ltd branch in palanpur

The MICR code 385802001 is used in RBI cheque clearing process to identify the branch Banaskantha Mercantile Co. Bk. Ltd 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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