Fedral Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Fedral Bank Bangalore Bangalore Urban Karnataka

MICR Code
Bank Federal Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bangalore Jaya Nagar
Contact George M J, E Mail:Bgre@federalbank.Co.In Ph No.: 080-26655558 (Sm)
Bank Details Federal Bank Ltd Bangalore Jaya Nagar FDRL0001387
Location Bangalore, Bangalore Urban
City Bangalore
District Bangalore Urban
State Karnataka
Pincode 560082
Country IN
Address K m plaza,, kanakapura main road, 30th cross, 7th block, jayanagar, bangalore, 560 082, karnataka
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 560049006 for Bangalore Jaya Nagar 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 560049006 of Federal Bank, Bangalore Jaya Nagar branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Bangalore Jaya Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Fedral Bank Bangalore Jaya Nagar

Fedral Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Federal Bank MICR code for Bangalore Jaya Nagar 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. 560049006 is the MICR code of Fedral Bank for Bangalore Jaya Nagar branch. MICR code for Bangalore Jaya Nagar 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 Federal Bank Bangalore Jaya Nagar is presented in the table alongside.

Use of Federal Bank MICR code for Bangalore Jaya Nagar branch in bangalore

The MICR code 560049006 is used in RBI cheque clearing process to identify the branch Bangalore Jaya Nagar and Federal Bank 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 Fedral Bank is typically in either of these two font’s: E-138 and CMC-7.

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