HDFC Bank Loni Ahmadnagar Maharashtra MICR CODE

Find MICR Codes for HDFC Bank Loni Ahmadnagar Maharashtra

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MICR Code	413240503
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	Loni Kh
Contact	61606161
Bank Details	Hdfc Bank Ltd Loni Kh HDFC0004493

Location	Loni, Ahmadnagar
City	Loni
District	Ahmadnagar
State	Maharashtra
Pincode	413736
Country	IN
Address	Hdfc bank ltd balaji complex near ahilyabai holkar school loni kh ahmednagar maharashtra 413736

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 413240503 for Loni Kh 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 413240503 of HDFC Bank Ltd, Loni Kh branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Loni Kh 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 -

>>Loni Kh

MICR code for HDFC Bank Loni Kh

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 Loni Kh 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. 413240503 is the MICR code of HDFC for Loni Kh branch. MICR code for Loni Kh 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 Loni Kh is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Loni Kh branch in loni

The MICR code 413240503 is used in RBI cheque clearing process to identify the branch Loni Kh 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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