HDFC Bank Sanguem South Goa Goa MICR CODE

Find MICR Codes for HDFC Bank Sanguem South Goa Goa

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MICR Code	403240043
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	Sanguem
Contact
Bank Details	Hdfc Bank Ltd Sanguem HDFC0002812

Location	Sanguem, South Goa
City	Sanguem
District	South Goa
State	Goa
Pincode	403704
Country	IN
Address	Shop no g1 & g2 ground floor, krishnadurga manzil muslim wada near masjid sanguem goa 403704

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 403240043 for Sanguem 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 403240043 of HDFC Bank Ltd, Sanguem branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Sanguem 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 -

>>Sanguem

MICR code for HDFC Bank Sanguem

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 Sanguem 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. 403240043 is the MICR code of HDFC for Sanguem branch. MICR code for Sanguem 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 Sanguem is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Sanguem branch in sanguem

The MICR code 403240043 is used in RBI cheque clearing process to identify the branch Sanguem 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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