HDFC Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for HDFC Bank Indore Indore 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 Indore Swayamsidh Mahila Co Op Bank
Contact 0731-2564693,2563575
Bank Details Hdfc Bank Ltd Indore Swayamsidh Mahila Co Op Bank HDFC0CISWAM
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 452001
Country IN
Address 111,navneet plaza,1st floor,old palasiya,indore -452001
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 452240452 for Indore Swayamsidh Mahila Co Op Bank 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 452240452 of HDFC Bank Ltd, Indore Swayamsidh Mahila Co Op Bank branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Indore Swayamsidh Mahila Co Op Bank branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for HDFC Bank Indore Swayamsidh Mahila Co Op Bank

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 Indore Swayamsidh Mahila Co Op Bank 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. 452240452 is the MICR code of HDFC for Indore Swayamsidh Mahila Co Op Bank branch. MICR code for Indore Swayamsidh Mahila Co Op Bank 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 Indore Swayamsidh Mahila Co Op Bank is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Indore Swayamsidh Mahila Co Op Bank branch in indore

The MICR code 452240452 is used in RBI cheque clearing process to identify the branch Indore Swayamsidh Mahila Co Op Bank 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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