HDFC Bank West Godavari Penugonda Andhra Pradesh MICR CODE

Find MICR Codes for HDFC Bank West Godavari Penugonda Andhra Pradesh

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MICR Code
Bank Hdfc Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Penugonda
Contact 1800-2026161
Bank Details Hdfc Bank Ltd Penugonda HDFC0007115
Location West Godavari, Penugonda
City West Godavari
District Penugonda
State Andhra Pradesh
Pincode 534320
Country IN
Address Grd floor sivalayam bazar street near karnataka bank penugonda penugonda andhra pradesh 534320
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 0 for Penugonda 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 0 of HDFC Bank Ltd, Penugonda branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Penugonda 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 -

>>Penugonda

MICR code for HDFC Bank Penugonda

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 Penugonda 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. 0 is the MICR code of HDFC for Penugonda branch. MICR code for Penugonda 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 Penugonda is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Penugonda branch in west godavari

The MICR code 0 is used in RBI cheque clearing process to identify the branch Penugonda 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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