Fedral Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Fedral Bank Chennai Chennai Tamil Nadu

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MICR Code	600049001
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	Chennai Funds And Investment
Contact	Vaidyanathan C S, E Mail:Mds@federalbank.Co.In Ph No.: 044-28583306(Sm)
Bank Details	Federal Bank Ltd Chennai Funds And Investment FDRL0000502

Location	Chennai, Chennai
City	Chennai
District	Chennai
State	Tamil Nadu
Pincode	600002
Country	IN
Address	62 (upstairs), mount road, , chennai, 600 002, tamilnadu

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.

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Chennai Funds And Investment (600049001)

How does MICR code 600049001 for Chennai Funds And Investment 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 600049001 of Federal Bank, Chennai Funds And Investment branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Chennai Funds And Investment branch, makes the characters readable even if there are other marks and stamps on it.

A total of 28 branches of Federal Bank Ltd are available with micr code -

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MICR code for Fedral Bank Chennai Funds And Investment

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 Chennai Funds And Investment 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. 600049001 is the MICR code of Fedral Bank for Chennai Funds And Investment branch. MICR code for Chennai Funds And Investment 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 Chennai Funds And Investment is presented in the table alongside.

Use of Federal Bank MICR code for Chennai Funds And Investment branch in chennai

The MICR code 600049001 is used in RBI cheque clearing process to identify the branch Chennai Funds And Investment 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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