HDFC Bank Patiala Patiala Punjab MICR CODE

Find MICR Codes for HDFC Bank Patiala Patiala Punjab

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MICR Code
Bank Hdfc Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch New Leela Bhawan
Contact 1800-2026161
Bank Details Hdfc Bank Ltd New Leela Bhawan HDFC0008208
Location Patiala, Patiala
City Patiala
District Patiala
State Punjab
Pincode 147001
Country IN
Address Hdfc bank ltd 1st floor sco no 97 98 opp hdfc life new leela bhawan patiala punjab 147001
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 New Leela Bhawan 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, New Leela Bhawan branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for New Leela Bhawan branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for HDFC Bank New Leela Bhawan

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 New Leela Bhawan 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 New Leela Bhawan branch. MICR code for New Leela Bhawan 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 New Leela Bhawan is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for New Leela Bhawan branch in patiala

The MICR code 0 is used in RBI cheque clearing process to identify the branch New Leela Bhawan 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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