HDFC Bank Raipur Raipur Chhattisgarh MICR CODE

Find MICR Codes for HDFC Bank Raipur Raipur Chhattisgarh

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MICR Code
Bank Hdfc Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Samta Colony
Contact 1860-2676161
Bank Details Hdfc Bank Ltd Samta Colony HDFC0007058
Location Raipur, Raipur
City Raipur
District Raipur
State Chhattisgarh
Pincode 492001
Country IN
Address Sds chamber khasra no 355 10 bhainsthan road samta colony raipur chhattisgarh 492001
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 492240016 for Samta Colony 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 492240016 of HDFC Bank Ltd, Samta Colony branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Samta Colony branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for HDFC Bank Samta Colony

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 Samta Colony 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. 492240016 is the MICR code of HDFC for Samta Colony branch. MICR code for Samta Colony 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 Samta Colony is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Samta Colony branch in raipur

The MICR code 492240016 is used in RBI cheque clearing process to identify the branch Samta Colony 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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