HDFC Bank Koyali Vadodara Gujarat MICR CODE

Find MICR Codes for HDFC Bank Koyali Vadodara Gujarat

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MICR Code	390240016
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	Koyali
Contact	98982 71111
Bank Details	Hdfc Bank Ltd Koyali HDFC0003184

Location	Koyali, Vadodara
City	Koyali
District	Vadodara
State	Gujarat
Pincode	391346
Country	IN
Address	Ground floor, room no. 4, materials bhavan, in front of vip gate of vadodara mfg division koyali gujarat 391346

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 390240016 for Koyali 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 390240016 of HDFC Bank Ltd, Koyali branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Koyali 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 -

>>Koyali

MICR code for HDFC Bank Koyali

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 Koyali 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. 390240016 is the MICR code of HDFC for Koyali branch. MICR code for Koyali 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 Koyali is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Koyali branch in koyali

The MICR code 390240016 is used in RBI cheque clearing process to identify the branch Koyali 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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