HDFC Bank Panjkosi Ferozpur Punjab MICR CODE

Find MICR Codes for HDFC Bank Panjkosi Ferozpur Punjab

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MICR Code	152240007
Bank	Hdfc Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Panje Ke
Contact	98153 31111
Bank Details	Hdfc Bank Ltd Panje Ke HDFC0003132

Location	Panjkosi, Ferozpur
City	Panjkosi
District	Ferozpur
State	Punjab
Pincode	152024
Country	IN
Address	Hdfc bank ltd premises adjoining main market, vpo panje ke, distt. Ferozepur, panje ke punjab 152024

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 152240007 for Panje Ke 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 152240007 of HDFC Bank Ltd, Panje Ke branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Panje Ke branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Hdfc Bank Ltd are available with micr code -

>>Panje Ke >>Panjkosi

MICR code for HDFC Bank Panje Ke

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 Panje Ke 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. 152240007 is the MICR code of HDFC for Panje Ke branch. MICR code for Panje Ke 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 Panje Ke is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Panje Ke branch in panjkosi

The MICR code 152240007 is used in RBI cheque clearing process to identify the branch Panje Ke 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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