HDFC Bank Punawale
Punawale · Pune, Maharashtra
411240098 is the MICR code for the Punawale branch of HDFC Bank, located in Pune, Maharashtra. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code HDFC0008289.
Bank
HDFC Bank
Branch & Address
Punawale
Laxmi Horizon Shop no 05 to 8 Bangalore Mumbai Express Highway Punawale Pune Maharashtra 411033
Pune, Pune, Maharashtra
Contact
+912261606161Codes for this Branch
MICR (cheques)
411240098
IFSC (online transfers)
HDFC0008289
SWIFT / BIC
HDFCINBB
MICR Code Structure
411
City
240
Bank
098
Branch
City code 411 identifies the RBI clearing centre, bank code 240 identifies HDFC Bank, and branch code 098 identifies this specific branch.
Online Payment Methods Supported
Other HDFC Bank branches near Pune
Other banks in Pune, Maharashtra
About MICR Codes
What is a MICR code used for?
MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.
MICR vs IFSC — when do I use which?
Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (HDFC0008289) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.
Where is the MICR code on a cheque?
The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 411240098 is in the middle, and your account number is on the right.