HDFC Bank Rajkot Rajkot Gujarat MICR CODE

Find MICR Codes for HDFC Bank Rajkot Rajkot Gujarat

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MICR Code
Bank Hdfc Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Laxminagar
Contact Sujit Kurup / Anant Shinde / Sandeep Puthran 022-30751912/ 2041 / 2042
Bank Details Hdfc Bank Ltd Laxminagar HDFC0001696
Location Rajkot, Rajkot
City Rajkot
District Rajkot
State Gujarat
Pincode 360004
Country IN
Address Madhuvan plaza,panchvati socity,main road
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 360240008 for Laxminagar 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 360240008 of HDFC Bank Ltd, Laxminagar branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Laxminagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for HDFC Bank Laxminagar

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 Laxminagar 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. 360240008 is the MICR code of HDFC for Laxminagar branch. MICR code for Laxminagar 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 Laxminagar is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Laxminagar branch in rajkot

The MICR code 360240008 is used in RBI cheque clearing process to identify the branch Laxminagar 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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