Fedral Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Fedral Bank Mumbai Greater Bombay Maharashtra

MICR Code
Bank Federal Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mumbai Andheri East
Contact 09867954680
Bank Details Federal Bank Ltd Mumbai Andheri East FDRL0001829
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400093
Country IN
Address Ground floor,mariam apartment,opp gurudwara,sher e punjab society,mahakali caves road,maharashtra-400093
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 0 for Mumbai Andheri East 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 0 of Federal Bank, Mumbai Andheri East branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Mumbai Andheri East branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Fedral Bank Mumbai Andheri East

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 Mumbai Andheri East 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. 0 is the MICR code of Fedral Bank for Mumbai Andheri East branch. MICR code for Mumbai Andheri East 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 Mumbai Andheri East is presented in the table alongside.

Use of Federal Bank MICR code for Mumbai Andheri East branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Mumbai Andheri East 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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