MICR Code Bank
Find MICR code for Fedral Bank branches in India for NEFT and RTGS transfer

Fedral Bank MICR CODE

Find MICR Codes for Fedral Bank

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  1. Federal Bank Ltd »
  2. West Bengal »
  3. kolkata »
  4. kolkata »
  5. kolkata shakespere sarani

Find MICR Codes for Fedral Bank

MICR Code: 700049012
Bank: Federal Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Kolkata Shakespere Sarani
Contact: Reggie John V, E Mail:Calk@federalbank.Co.In Ph No.: 033-22828292 (Sm)
Bank Details: Federal Bank Ltd Kolkata Shakespere Sarani FDRL0001400
Location: Kolkata, Kolkata
City: Kolkata
District: Kolkata
State: West Bengal
Pincode: 700017
Country: IN
Address: Shakespeare sarani branch, 1 floor, shakespeare court,, 21a, shakespeare sarani, kolkata, 700 017, west bengal

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

MICR code for Fedral Bank

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

Use of Federal Bank MICR code for branch in kolkata

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