HDFC Bank Magam Badgam Jammu And Kashmir MICR CODE

Find MICR Codes for HDFC Bank Magam Badgam Jammu And Kashmir

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MICR Code	193240002
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	Magam
Contact	1800 180 4333
Bank Details	Hdfc Bank Ltd Magam HDFC0002901

Location	Magam, Badgam
City	Magam
District	Badgam
State	Jammu And Kashmir
Pincode	193401
Country	IN
Address	Hdfc bank ltd., main bus stop, magam, near pasta restaurant, budgam jammu and kashmir 193401

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 193240002 for Magam 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 193240002 of HDFC Bank Ltd, Magam branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Magam 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 -

>>Magam

MICR code for HDFC Bank Magam

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 Magam 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. 193240002 is the MICR code of HDFC for Magam branch. MICR code for Magam 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 Magam is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Magam branch in magam

The MICR code 193240002 is used in RBI cheque clearing process to identify the branch Magam 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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