HDFC Bank Khandwa East Nimar Madhya Pradesh MICR CODE

Find MICR Codes for HDFC Bank Khandwa East Nimar Madhya Pradesh

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Address

MICR Code	450240501
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	Malgaon
Contact	98936 03333
Bank Details	Hdfc Bank Ltd Malgaon HDFC0003134

Location	Khandwa, East Nimar
City	Khandwa
District	East Nimar
State	Madhya Pradesh
Pincode	450001
Country	IN
Address	Opp government school, gram malgaon, post-temikala khandwa madhya pradesh 450001

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 450240501 for Malgaon 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 450240501 of HDFC Bank Ltd, Malgaon branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Malgaon 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 -

>>Malgaon

MICR code for HDFC Bank Malgaon

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 Malgaon 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. 450240501 is the MICR code of HDFC for Malgaon branch. MICR code for Malgaon 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 Malgaon is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Malgaon branch in khandwa

The MICR code 450240501 is used in RBI cheque clearing process to identify the branch Malgaon 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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