HDFC Bank Bhilwara Bhilwara Rajasthan MICR CODE

Find MICR Codes for HDFC Bank Bhilwara Bhilwara Rajasthan

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MICR Code
Bank Hdfc Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Riico
Contact 141-6160616
Bank Details Hdfc Bank Ltd Riico HDFC0006087
Location Bhilwara, Bhilwara
City Bhilwara
District Bhilwara
State Rajasthan
Pincode 313001
Country IN
Address Shop no 16 17 and 18 kamla panorama near vastra bhawan pur road bhilwara rajasthan 313001
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 311240006 for Riico 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 311240006 of HDFC Bank Ltd, Riico branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Riico branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for HDFC Bank Riico

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 Riico 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. 311240006 is the MICR code of HDFC for Riico branch. MICR code for Riico 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 Riico is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Riico branch in bhilwara

The MICR code 311240006 is used in RBI cheque clearing process to identify the branch Riico 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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