HDFC Bank Velim South Goa Goa MICR CODE

Find MICR Codes for HDFC Bank Velim South Goa Goa

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MICR Code	403240041
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	Velim
Contact	98906 03333
Bank Details	Hdfc Bank Ltd Velim HDFC0002738

Location	Velim, South Goa
City	Velim
District	South Goa
State	Goa
Pincode	403723
Country	IN
Address	Shop no. 2 & 3 opp. Bank of baroda, velim velim velim goa 403723

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 403240041 for Velim 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 403240041 of HDFC Bank Ltd, Velim branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Velim 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 -

>>Velim

MICR code for HDFC Bank Velim

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 Velim 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. 403240041 is the MICR code of HDFC for Velim branch. MICR code for Velim 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 Velim is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Velim branch in velim

The MICR code 403240041 is used in RBI cheque clearing process to identify the branch Velim 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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