HDFC Bank Shahapur Thane Maharashtra MICR CODE

Find MICR Codes for HDFC Bank Shahapur Thane Maharashtra

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MICR Code
Bank Hdfc Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shahapur
Contact
Bank Details Hdfc Bank Ltd Shahapur HDFC0002470
Location Shahapur, Thane
City Shahapur
District Thane
State Maharashtra
Pincode 421601
Country IN
Address Hdfc bank ltd.,sh no. 9,10,11 & 12 shri narayan chs,villag e kalambe, asangaon-shahapur rd,tal-shahapur thane maharashtra 421 601
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 400240163 for Shahapur 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 400240163 of HDFC Bank Ltd, Shahapur branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Shahapur 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 -

>>Shahapur

MICR code for HDFC Bank Shahapur

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 Shahapur 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. 400240163 is the MICR code of HDFC for Shahapur branch. MICR code for Shahapur 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 Shahapur is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Shahapur branch in shahapur

The MICR code 400240163 is used in RBI cheque clearing process to identify the branch Shahapur 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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