HDFC Bank Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for HDFC Bank Kolhapur Kolhapur Maharashtra

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MICR Code	416240502
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	Murgud
Contact	98906 03333
Bank Details	Hdfc Bank Ltd Murgud HDFC0002545

Location	Kolhapur, Kolhapur
City	Kolhapur
District	Kolhapur
State	Maharashtra
Pincode	416219
Country	IN
Address	Hdfc bank ltd. C.s.no.-506 k, sirpiraji road a/p -murgud, tal.-kagal, kolhapur maharashtra 416219

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 416240502 for Murgud 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 416240502 of HDFC Bank Ltd, Murgud branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Murgud branch, makes the characters readable even if there are other marks and stamps on it.

A total of 44 branches of Hdfc Bank Ltd are available with micr code -

MICR code for HDFC Bank Murgud

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 Murgud 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. 416240502 is the MICR code of HDFC for Murgud branch. MICR code for Murgud 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 Murgud is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Murgud branch in kolhapur

The MICR code 416240502 is used in RBI cheque clearing process to identify the branch Murgud 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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