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Fedral Bank Bhopal Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for Fedral Bank Bhopal Bhopal Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	462049002
Bank	Federal Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bhopal
Contact	Rakesh B Mathur, E Mail:Bpl@federalbank.Co.In Ph No.: 0755-2769364(Sm)
Bank Details	Federal Bank Ltd Bhopal FDRL0001350

Location	Bhopal, Bhopal
City	Bhopal
District	Bhopal
State	Madhya Pradesh
Pincode	462011
Country	IN
Address	Plot no.6, zone ii, m p nagar, hoshangabad road, bhopal, madhya pradesh, 462 011, madhya pradesh

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 462049002 for Bhopal 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 462049002 of Federal Bank, Bhopal branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Bhopal branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Federal Bank Ltd are available with micr code -

>>Bhairopur >>Bhopal

MICR code for Fedral Bank Bhopal

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 Bhopal 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. 462049002 is the MICR code of Fedral Bank for Bhopal branch. MICR code for Bhopal 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 Bhopal is presented in the table alongside.

Use of Federal Bank MICR code for Bhopal branch in bhopal

The MICR code 462049002 is used in RBI cheque clearing process to identify the branch Bhopal 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.