HDFC Bank Cuttack Cuttack Orissa MICR CODE

Find MICR Codes for HDFC Bank Cuttack Cuttack Orissa

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MICR Code
Bank Hdfc Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mundali
Contact 99379 03333
Bank Details Hdfc Bank Ltd Mundali HDFC0003562
Location Cuttack, Cuttack
City Cuttack
District Cuttack
State Orissa
Pincode 754006
Country IN
Address Hdfc bank ltd., badamundali gopal sahi, village - mundali, dist.cuttack, cuttack odisha 754006
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 753240501 for Mundali 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 753240501 of HDFC Bank Ltd, Mundali branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Mundali branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for HDFC Bank Mundali

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 Mundali 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. 753240501 is the MICR code of HDFC for Mundali branch. MICR code for Mundali 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 Mundali is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Mundali branch in cuttack

The MICR code 753240501 is used in RBI cheque clearing process to identify the branch Mundali 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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