HDFC Bank Ramagundam Karimnagar Andhra Pradesh MICR CODE

Find MICR Codes for HDFC Bank Ramagundam Karimnagar Andhra Pradesh

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MICR Code	505240302
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	Ramagundam
Contact
Bank Details	Hdfc Bank Ltd Ramagundam HDFC0002084

Location	Ramagundam, Karimnagar
City	Ramagundam
District	Karimnagar
State	Andhra Pradesh
Pincode	505215
Country	IN
Address	Ramag h.no 5-6-141 to 146 krishna nagar ramagundam municipality ramagundam andhrapradesh

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 505240302 for Ramagundam 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 505240302 of HDFC Bank Ltd, Ramagundam branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Ramagundam 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 -

>>Ramagundam

MICR code for HDFC Bank Ramagundam

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 Ramagundam 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. 505240302 is the MICR code of HDFC for Ramagundam branch. MICR code for Ramagundam 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 Ramagundam is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Ramagundam branch in ramagundam

The MICR code 505240302 is used in RBI cheque clearing process to identify the branch Ramagundam 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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