HDFC Bank Visakhapatnam Vishakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for HDFC Bank Visakhapatnam Vishakhapatnam Andhra Pradesh

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MICR Code
Bank Hdfc Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mvp Colony
Contact 9949493333
Bank Details Hdfc Bank Ltd Mvp Colony HDFC0003991
Location Visakhapatnam, Vishakhapatnam
City Visakhapatnam
District Vishakhapatnam
State Andhra Pradesh
Pincode 530017
Country IN
Address Hdfc bank ltd hig 88 1 mvp colony vishakapatnam andhra pradesh 530017
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 530240007 for Mvp Colony 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 530240007 of HDFC Bank Ltd, Mvp Colony branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Mvp Colony branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for HDFC Bank Mvp Colony

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 Mvp Colony 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. 530240007 is the MICR code of HDFC for Mvp Colony branch. MICR code for Mvp Colony 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 Mvp Colony is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Mvp Colony branch in visakhapatnam

The MICR code 530240007 is used in RBI cheque clearing process to identify the branch Mvp Colony 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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