HDFC Bank Nashik Nashik Maharashtra MICR CODE

Find MICR Codes for HDFC Bank Nashik Nashik Maharashtra

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MICR Code
Bank Hdfc Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nashik Road
Contact Sujit Kurup / Anant Shinde / Sandeep Puthran 022-30751912/ 2041 / 2042
Bank Details Hdfc Bank Ltd Nashik Road HDFC0000456
Location Nashik, Nashik
City Nashik
District Nashik
State Maharashtra
Pincode 422101
Country IN
Address Shop no 3,mithila apartments,bytco point,nashik roadnashikmaharashtra422101
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 422240003 for Nashik Road 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 422240003 of HDFC Bank Ltd, Nashik Road branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Nashik Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for HDFC Bank Nashik Road

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 Nashik Road 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. 422240003 is the MICR code of HDFC for Nashik Road branch. MICR code for Nashik Road 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 Nashik Road is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Nashik Road branch in nashik

The MICR code 422240003 is used in RBI cheque clearing process to identify the branch Nashik Road 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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