HDFC Bank Palanpur Banaskantha Gujarat MICR CODE

Find MICR Codes for HDFC Bank Palanpur Banaskantha Gujarat

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MICR Code
Bank Hdfc Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Palanpur
Contact Sujit Kurup / Anant Shinde / Sandeep Puthran 022-30751912/ 2041 / 2042
Bank Details Hdfc Bank Ltd Palanpur HDFC0000335
Location Palanpur, Banaskantha
City Palanpur
District Banaskantha
State Gujarat
Pincode 385001
Country IN
Address 1st floor,parth super market,nr cosy towers,opp joravar parkpalanpurgujarat385001
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 385240001 for Palanpur 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 385240001 of HDFC Bank Ltd, Palanpur branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Palanpur 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 -

>>Palanpur

MICR code for HDFC Bank Palanpur

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 Palanpur 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. 385240001 is the MICR code of HDFC for Palanpur branch. MICR code for Palanpur 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 Palanpur is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Palanpur branch in palanpur

The MICR code 385240001 is used in RBI cheque clearing process to identify the branch Palanpur 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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