HDFC Bank Gwalior Gwalior Madhya Pradesh MICR CODE

Find MICR Codes for HDFC Bank Gwalior Gwalior Madhya Pradesh

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MICR Code
Bank Hdfc Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gwalior Madhya Pradesh
Contact Sujit Kurup / Anant Shinde / Sandeep Puthran 022-30751912/ 2041 / 2042
Bank Details Hdfc Bank Ltd Gwalior Madhya Pradesh HDFC0000192
Location Gwalior, Gwalior
City Gwalior
District Gwalior
State Madhya Pradesh
Pincode 474011
Country IN
Address Block no g-7/8/9plot no 43, ananddeep buildingcity centregwaliormadhya pradesh474011
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 474240002 for Gwalior Madhya Pradesh 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 474240002 of HDFC Bank Ltd, Gwalior Madhya Pradesh branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Gwalior Madhya Pradesh branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for HDFC Bank Gwalior Madhya Pradesh

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 Gwalior Madhya Pradesh 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. 474240002 is the MICR code of HDFC for Gwalior Madhya Pradesh branch. MICR code for Gwalior Madhya Pradesh 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 Gwalior Madhya Pradesh is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Gwalior Madhya Pradesh branch in gwalior

The MICR code 474240002 is used in RBI cheque clearing process to identify the branch Gwalior Madhya Pradesh 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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