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

Fedral Bank Mumbai Bandra MICR CODE

Find MICR Codes for Fedral Bank Mumbai Bandra

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  1. Federal Bank Ltd »
  2. Maharashtra »
  3. greater bombay »
  4. mumbai »
  5. mumbai bandra (west)

Find MICR Codes for Fedral Bank Mumbai Bandra

MICR Code: 400049012
Bank: Federal Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Mumbai Bandra (West)
Contact: Tom Thomas Thekkel, E Mail:Bbyj@federalbank.Co.In Ph No.: 022-26415376 (Sm)
Bank Details: Federal Bank Ltd Mumbai Bandra (West) FDRL0001398
Location: Mumbai, Greater Bombay
City: Mumbai
District: Greater Bombay
State: Maharashtra
Pincode: 400050
Country: IN
Address: B-989 casa adriana, 15, st. John baptist road, bandra (west), mumbai, 400 050, maharashtra

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

MICR code for Fedral Bank mumbai bandra

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 bandra 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 mumbai bandra branch. MICR code for mumbai bandra 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 bandra is presented in the table alongside.

Use of Federal Bank MICR code for mumbai bandra branch in mumbai

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