HDFC Bank Pragati Nagar
Pragati Nagar · Hyderabad, Telangana
500240098 is the MICR code for the Pragati Nagar branch of HDFC Bank, located in Hyderabad, Telangana. 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 HDFC0004854.
Bank
HDFC Bank
Branch & Address
Pragati Nagar
HDFC Bank LTD Plot No1346 P 1347 P 1348 P 1344 P Grnd Flr Maruti Complex Hyderabad Telangana 500072
Hyderabad, Hyderabad, Telangana
Contact
+919840673333Codes for this Branch
MICR (cheques)
500240098
IFSC (online transfers)
HDFC0004854
SWIFT / BIC
HDFCINBB
MICR Code Structure
500
City
240
Bank
098
Branch
City code 500 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 Hyderabad
Other banks in Hyderabad, Telangana
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 (HDFC0004854) 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 500240098 is in the middle, and your account number is on the right.