HDFC Bank Vishakhapatnam Visakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for HDFC Bank Vishakhapatnam Visakhapatnam Andhra Pradesh

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MICR Code	530240021
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	Madhavdhara
Contact	18602676161
Bank Details	Hdfc Bank Ltd Madhavdhara HDFC0005761

Location	Vishakhapatnam, Visakhapatnam
City	Vishakhapatnam
District	Visakhapatnam
State	Andhra Pradesh
Pincode	530018
Country	IN
Address	Ground floor d no 39 27 42 1 1 vuda colony madhavadhara visakhapatnam andhra pradesh 530018

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 530240021 for Madhavdhara 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 530240021 of HDFC Bank Ltd, Madhavdhara branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Madhavdhara branch, makes the characters readable even if there are other marks and stamps on it.

A total of 10 branches of Hdfc Bank Ltd are available with micr code -

>>Dondaparthy >>Gajuwaka >>Kancharapalem Civ Area >>Kommadi >>Kurmannapalem Vizag Steel >>Maddilapalem >>Madhavdhara >>Sankaramatam Road >>Tagarapuvalasa Visakhapatnam >>Vishalakshinagar

MICR code for HDFC Bank Madhavdhara

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 Madhavdhara 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. 530240021 is the MICR code of HDFC for Madhavdhara branch. MICR code for Madhavdhara 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 Madhavdhara is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Madhavdhara branch in vishakhapatnam

The MICR code 530240021 is used in RBI cheque clearing process to identify the branch Madhavdhara 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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