HDFC Bank Medak Medak Andhra Pradesh MICR CODE

Find MICR Codes for HDFC Bank Medak Medak Andhra Pradesh

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District
City
Branch
Address

MICR Code	502240522
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	Peddapur
Contact	99494 93333
Bank Details	Hdfc Bank Ltd Peddapur HDFC0003448

Location	Medak, Medak
City	Medak
District	Medak
State	Andhra Pradesh
Pincode	502306
Country	IN
Address	H. No.6-5,po and village,peddapur, sadasivapet mandal, medak, medak andhra pradesh 502306

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 502240522 for Peddapur 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 502240522 of HDFC Bank Ltd, Peddapur branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Peddapur 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 -

>>Medak >>Peddapur

MICR code for HDFC Bank Peddapur

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 Peddapur 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. 502240522 is the MICR code of HDFC for Peddapur branch. MICR code for Peddapur 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 Peddapur is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Peddapur branch in medak

The MICR code 502240522 is used in RBI cheque clearing process to identify the branch Peddapur 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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