HDFC Bank Bhid Bid Maharashtra MICR CODE

Find MICR Codes for HDFC Bank Bhid Bid Maharashtra

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MICR Code	431240302
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	Beed
Contact	Sujit Kurup / Anant Shinde / Sandeep Puthran 022-30751912/ 2041 / 2042
Bank Details	Hdfc Bank Ltd Beed HDFC0001784

Location	Bhid, Bid
City	Bhid
District	Bid
State	Maharashtra
Pincode	431122
Country	IN
Address	Sagar heights opposite bus stand taluka beed

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 431240302 for Beed 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 431240302 of HDFC Bank Ltd, Beed branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Beed branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Hdfc Bank Ltd are available with micr code -

>>Ambejogai >>Beed >>Not Available >>Poornawadi Nagrik Sahakari Bank Ltd >>Priyadarshani Mah Nag Sah Bank Ltd

MICR code for HDFC Bank Beed

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 Beed 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. 431240302 is the MICR code of HDFC for Beed branch. MICR code for Beed 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 Beed is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Beed branch in bhid

The MICR code 431240302 is used in RBI cheque clearing process to identify the branch Beed 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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