HDFC Bank Mandrem North Goa Goa MICR CODE

Find MICR Codes for HDFC Bank Mandrem North Goa Goa

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MICR Code	403240055
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	Mandrem
Contact	98906 03333
Bank Details	Hdfc Bank Ltd Mandrem HDFC0003350

Location	Mandrem, North Goa
City	Mandrem
District	North Goa
State	Goa
Pincode	403527
Country	IN
Address	Hdfc bank ltd. H.no. 191 a1, gf, madhalamaj, mandrem village pernem taluka north goa goa 403527

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 403240055 for Mandrem 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 403240055 of HDFC Bank Ltd, Mandrem branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Mandrem branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Hdfc Bank Ltd are available with micr code -

>>Mandrem >>The Mapusa Urb Coop Bank Of Goa Ltd

MICR code for HDFC Bank Mandrem

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 Mandrem 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. 403240055 is the MICR code of HDFC for Mandrem branch. MICR code for Mandrem 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 Mandrem is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Mandrem branch in mandrem

The MICR code 403240055 is used in RBI cheque clearing process to identify the branch Mandrem 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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