HDFC Bank Panchkula Panchkula Haryana MICR CODE

Find MICR Codes for HDFC Bank Panchkula Panchkula Haryana

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MICR Code	160240078
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	Sector Iiii Panchkula
Contact	9996243333
Bank Details	Hdfc Bank Ltd Sector Iiii Panchkula HDFC0004031

Location	Panchkula, Panchkula
City	Panchkula
District	Panchkula
State	Haryana
Pincode	134112
Country	IN
Address	Hdfc bank ltd sco 47 sector 4 panchkula haryana 134112

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 160240078 for Sector Iiii Panchkula 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 160240078 of HDFC Bank Ltd, Sector Iiii Panchkula branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Sector Iiii Panchkula branch, makes the characters readable even if there are other marks and stamps on it.

A total of 14 branches of Hdfc Bank Ltd are available with micr code -

>>Mauli >>Panchkula >>Panchkula >>Panchkula Chandimandir Cantt >>Panchkula Sector 11 Chandigarh >>Panchkula Sector 20 Haryana >>Panchkula Sector 7 Chandigarh >>Sector 25 Panchkula >>Sector Iiii Panchkula >>Sector X Panchkula >>Sector Xv Panchkula >>Swastik Vihar Panchkula

MICR code for HDFC Bank Sector Iiii Panchkula

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 Sector Iiii Panchkula 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. 160240078 is the MICR code of HDFC for Sector Iiii Panchkula branch. MICR code for Sector Iiii Panchkula 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 Sector Iiii Panchkula is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Sector Iiii Panchkula branch in panchkula

The MICR code 160240078 is used in RBI cheque clearing process to identify the branch Sector Iiii Panchkula 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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