HDFC Bank Panaji North Goa Goa MICR CODE

Find MICR Codes for HDFC Bank Panaji North Goa Goa

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MICR Code	403240002
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	Goa Panjim
Contact	Sujit Kurup / Anant Shinde / Sandeep Puthran 022-30751912/ 2041 / 2042
Bank Details	Hdfc Bank Ltd Goa Panjim HDFC0000059

Location	Panaji, North Goa
City	Panaji
District	North Goa
State	Goa
Pincode	403001
Country	IN
Address	18th june roadnear mathais plazapanjimgoa403 001

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 403240002 for Goa Panjim 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 403240002 of HDFC Bank Ltd, Goa Panjim branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Goa Panjim branch, makes the characters readable even if there are other marks and stamps on it.

A total of 38 branches of Hdfc Bank Ltd are available with micr code -

MICR code for HDFC Bank Goa Panjim

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 Goa Panjim 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. 403240002 is the MICR code of HDFC for Goa Panjim branch. MICR code for Goa Panjim 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 Goa Panjim is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Goa Panjim branch in panaji

The MICR code 403240002 is used in RBI cheque clearing process to identify the branch Goa Panjim 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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