HDFC Bank Ranchi Ranchi Jharkhand MICR CODE

Find MICR Codes for HDFC Bank Ranchi Ranchi Jharkhand

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MICR Code
Bank Hdfc Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Morabadi
Contact 1860-2676161
Bank Details Hdfc Bank Ltd Morabadi HDFC0007443
Location Ranchi, Ranchi
City Ranchi
District Ranchi
State Jharkhand
Pincode 834008
Country IN
Address Bimla enclave opp reliance fresh tagore hill road morabadi ranchi jharkhand 834008
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 0 for Morabadi 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 0 of HDFC Bank Ltd, Morabadi branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Morabadi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for HDFC Bank Morabadi

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 Morabadi 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. 0 is the MICR code of HDFC for Morabadi branch. MICR code for Morabadi 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 Morabadi is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Morabadi branch in ranchi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Morabadi 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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