HDFC Bank Gudivada Krishna Andhra Pradesh MICR CODE

Find MICR Codes for HDFC Bank Gudivada Krishna Andhra Pradesh

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MICR Code	520240502
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	Gudivada
Contact
Bank Details	Hdfc Bank Ltd Gudivada HDFC0001986

Location	Gudivada, Krishna
City	Gudivada
District	Krishna
State	Andhra Pradesh
Pincode	521301
Country	IN
Address	Gudivada no.10/54, sharada towers rk complex road gudivada gudivada andhra pradesh

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 520240502 for Gudivada 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 520240502 of HDFC Bank Ltd, Gudivada branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Gudivada branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Hdfc Bank Ltd are available with micr code -

>>Gudivada

MICR code for HDFC Bank Gudivada

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 Gudivada 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. 520240502 is the MICR code of HDFC for Gudivada branch. MICR code for Gudivada 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 Gudivada is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Gudivada branch in gudivada

The MICR code 520240502 is used in RBI cheque clearing process to identify the branch Gudivada 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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