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Fedral Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Fedral Bank Indore Indore Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	452049002
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	Indore
Contact	Abraham A P, E Mail:Idr@federalbank.Co.In Ph No.: 0731-2704217 (Cm)
Bank Details	Federal Bank Ltd Indore FDRL0001234

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode	452001
Country	IN
Address	P b no.108, 1/2 jaora compound, m y h road, indore, 452 001, 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 452049002 for Indore 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 452049002 of Federal Bank, Indore branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Indore branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Federal Bank Ltd are available with micr code -

>>Indore >>Indore Pipliyahana >>Indore Ranjeet Hanuman Road >>Indore Vijayanagar

MICR code for Fedral Bank Indore

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 Indore 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. 452049002 is the MICR code of Fedral Bank for Indore branch. MICR code for Indore 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 Indore is presented in the table alongside.

Use of Federal Bank MICR code for Indore branch in indore

The MICR code 452049002 is used in RBI cheque clearing process to identify the branch Indore 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.