HDFC Bank Raigad Panvel Maharashtra MICR CODE

Find MICR Codes for HDFC Bank Raigad Panvel Maharashtra

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MICR Code	410240507
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	Ulwe
Contact	22-61606161
Bank Details	Hdfc Bank Ltd Ulwe HDFC0006543

Location	Raigad, Panvel
City	Raigad
District	Panvel
State	Maharashtra
Pincode	410206
Country	IN
Address	Gr flr shop nos 1 2 3 shagun essentia plot no 05 sec 19 ulwe navi mumbai panvel maharashtra 410206

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 410240507 for Ulwe 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 410240507 of HDFC Bank Ltd, Ulwe branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Ulwe 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 -

>>Ulwe

MICR code for HDFC Bank Ulwe

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 Ulwe 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. 410240507 is the MICR code of HDFC for Ulwe branch. MICR code for Ulwe 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 Ulwe is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Ulwe branch in raigad

The MICR code 410240507 is used in RBI cheque clearing process to identify the branch Ulwe 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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