HDFC Bank Pakhowal Ludhiana Punjab MICR CODE

Find MICR Codes for HDFC Bank Pakhowal Ludhiana Punjab

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MICR Code
Bank Hdfc Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pakhowal
Contact 1860-2676161
Bank Details Hdfc Bank Ltd Pakhowal HDFC0007124
Location Pakhowal, Ludhiana
City Pakhowal
District Ludhiana
State Punjab
Pincode 141108
Country IN
Address Ground floor vpo pakhowal tehsil raikot pakhowal punjab 141108
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 141240050 for Pakhowal 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 141240050 of HDFC Bank Ltd, Pakhowal branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Pakhowal branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Hdfc Bank Ltd are available with micr code -

>>Pakhowal

MICR code for HDFC Bank Pakhowal

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 Pakhowal 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. 141240050 is the MICR code of HDFC for Pakhowal branch. MICR code for Pakhowal 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 Pakhowal is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Pakhowal branch in pakhowal

The MICR code 141240050 is used in RBI cheque clearing process to identify the branch Pakhowal 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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