HDFC Bank Phagwara Kapurthala Punjab MICR CODE

Find MICR Codes for HDFC Bank Phagwara Kapurthala Punjab

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MICR Code
Bank Hdfc Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Paradise Theatre
Contact Sujit Kurup / Anant Shinde / Sandeep Puthran 022-30751912/ 2041 / 2042
Bank Details Hdfc Bank Ltd Paradise Theatre HDFC0001331
Location Phagwara, Kapurthala
City Phagwara
District Kapurthala
State Punjab
Pincode 144401
Country IN
Address G t road,phagwarap.o.phagwara,
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 144240205 for Paradise Theatre 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 144240205 of HDFC Bank Ltd, Paradise Theatre branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Paradise Theatre 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 -

>>Paradise Theatre >>Phagwara

MICR code for HDFC Bank Paradise Theatre

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 Paradise Theatre 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. 144240205 is the MICR code of HDFC for Paradise Theatre branch. MICR code for Paradise Theatre 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 Paradise Theatre is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Paradise Theatre branch in phagwara

The MICR code 144240205 is used in RBI cheque clearing process to identify the branch Paradise Theatre 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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