HDFC Bank Sas Nagar(Mohali) Rupnagar Punjab MICR CODE

Find MICR Codes for HDFC Bank Sas Nagar(Mohali) Rupnagar Punjab

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MICR Code	160240030
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	Phase Xi
Contact	Sujit Kurup / Anant Shinde / Sandeep Puthran 022-30751912/ 2041 / 2042
Bank Details	Hdfc Bank Ltd Phase Xi HDFC0001308

Location	Sas Nagar(Mohali), Rupnagar
City	Sas Nagar(Mohali)
District	Rupnagar
State	Punjab
Pincode	140001
Country	IN
Address	Phase xiphase ximohali

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 160240030 for Phase Xi 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 160240030 of HDFC Bank Ltd, Phase Xi branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Phase Xi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 12 branches of Hdfc Bank Ltd are available with micr code -

>>Bhago Majra >>Chhat >>Khanpur >>Mohali >>Mohali Phase 10 Chandigarh >>Mohali Phase Ii >>Phase Vii >>Phase Xi >>Phase3 B2 Mohali >>Saini Majra >>Saneta >>Sector 70 Mohali

MICR code for HDFC Bank Phase Xi

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 Phase Xi 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. 160240030 is the MICR code of HDFC for Phase Xi branch. MICR code for Phase Xi 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 Phase Xi is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Phase Xi branch in sas nagar(mohali)

The MICR code 160240030 is used in RBI cheque clearing process to identify the branch Phase Xi 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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