MICR Code for Huda Khandsa — Fino Payments Bank

About MICR Code — Huda Khandsa, Fino Payments Bank

MICR code is the official 9-digit magnetic ink code assigned by the Reserve Bank of India to the Huda Khandsa branch of Fino Payments Bank located in Gurgaon, Haryana. This code is printed at the bottom of every cheque issued by this branch using magnetic E-13B ink that can be read by high-speed MICR readers at RBI clearing houses. MICR codes are used exclusively for paper-based and mandate-based transactions — cheque clearing, ECS auto-debit, NACH mandates for SIP mutual funds, and loan EMI setup. The branch participates in the Cheque Truncation System (CTS) — the electronic clearing network that processes cheques within one banking day without requiring physical movement of paper cheques between banks.

How to Use MICR Code for Mandates and Cheque Payments

MICR code is required whenever a payment or mandate process involves paper instruments or automated debit authorisations from your Fino Payments Bank Huda Khandsa account. Unlike IFSC codes — which are used for digital transfers like NEFT and RTGS — the MICR code is specifically required for the following processes:

• SIP Registration (Mutual Funds): When setting up a Systematic Investment Plan via a NACH mandate, the form asks for your bank's MICR code. Enter to register your Fino Payments Bank Huda Khandsa account for monthly SIP debits. Both paper NACH mandates and digital e-NACH flows may require this code. Paper mandates take 20–30 days to activate; e-NACH activates within 2–3 working days.
• ECS Mandates (Utility Bills, Insurance): ECS (Electronic Clearing Service) auto-debits for electricity, gas, broadband, and insurance premiums require the MICR code of your bank branch. The MICR code tells the biller's bank which CTS zone and branch to debit on each due date. Use when setting up any recurring ECS debit from your Huda Khandsa account.
• Loan EMI Auto-Debit (NACH Mandate): When signing a NACH mandate for home loan, personal loan, car loan, or NBFC EMI repayment, the lender's mandate form requires your account branch's MICR code to register the monthly debit. Use for any loan EMI mandates linked to your Fino Payments Bank Huda Khandsa account.
• Post-Dated Cheques (PDC): If a lender or landlord asks for post-dated cheques as security, MICR code is already pre-printed at the bottom of your Fino Payments Bank cheque book issued by this branch. Verify the MICR on the cheque matches before handing over PDCs — if you have accounts at multiple Fino Payments Bank branches, each has a different MICR.
• Insurance Premium Collection: Life insurance, health insurance, and general insurance companies collect premiums via NACH mandates. The mandate form will have a dedicated MICR field — enter to link your Huda Khandsa account for automatic premium collection on each policy anniversary.

About Fino Payments Bank in Gurgaon

Fino Payments Bank operates multiple branches across Gurgaon, Haryana, each assigned a unique MICR code by the RBI for the Gurgaon CTS clearing zone. The Huda Khandsa branch serves customers in the local area with full cheque clearing, savings and current account services, and mandate-based auto-debit facilities including SIP, ECS, and NACH. All cheques issued by this branch carry MICR code at the bottom in magnetic ink.

To find MICR codes for other Fino Payments Bank branches in Gurgaon, use the Fino Payments Bank branches in Gurgaon directory. For branches across Haryana, browse the Fino Payments Bank Haryana page. To view all Fino Payments Bank branches nationwide, visit the Fino Payments Bank MICR code directory.

How the RBI CTS System Processes Cheques Using MICR

When you deposit a cheque issued by Fino Payments Bank's Huda Khandsa branch anywhere in India, the following automated CTS process occurs — enabled entirely by MICR code :

1. Scanning: The receiving bank scans the deposited cheque and reads the MICR band at the bottom using a high-speed MICR reader.
2. Zone routing: The first 3 digits () identify the Gurgaon CTS clearing zone and route the clearing request to the correct RBI clearing house — regardless of which city the cheque was deposited in.
3. Bank identification: Digits 4–6 () identify Fino Payments Bank within the Gurgaon zone, directing the debit request to the correct bank's processing system.
4. Branch debit: Digits 7–9 () identify the Huda Khandsa branch specifically, enabling the system to locate the payer's account and process the debit without manual intervention.
5. Settlement: Funds settle electronically between banks within T+1 working days. No physical cheque needs to travel between banks after the initial deposit.

This is why the MICR code must be exact. Even a single wrong digit causes the cheque to be returned unpaid — resulting in bounce penalties, mandate rejection fees, and settlement delays. BankZop verifies all MICR codes against official RBI CTS records.

Verify Before You Submit — Common MICR Mistakes

• Wrong cheque book from a different branch: If you hold accounts at multiple Fino Payments Bank branches, each branch's cheque book carries a different MICR code. Always verify the MICR on your cheque matches the account branch before submitting any mandate or PDC.
• Old cheque book after a branch migration or merger: If your account was moved to a different branch following a bank merger or branch consolidation, your old cheque book carries the previous branch's MICR. Get a new cheque book from your current branch and verify on BankZop before using it for NACH mandates.
• Handwritten MICR on mandate forms: Some mandate forms allow handwritten entry. Always copy the exact 9-digit code from a verified cheque or from BankZop — never estimate or guess. A single transposed digit will cause mandate activation failure.
• Submitting a NACH mandate before the activation period: Paper NACH mandates take 20–30 days to activate after submission. A lender attempting to debit your account before activation will receive a rejection — and you may incur return charges. Track your mandate activation status with your bank.

For further reference, explore our IFSC Code Lookup for online transfer codes (NEFT, RTGS, IMPS, UPI), the BSR Code Lookup for TDS and income tax challan codes, and the PIN Code Lookup for postal delivery information. Use our EMI Calculator to plan your loan repayments before applying.