Fedral Bank Idukki Rajakumari Kerala MICR CODE

Find MICR Codes for Fedral Bank Idukki Rajakumari Kerala

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MICR Code
Bank Federal Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rajakumari
Contact 91-9447778062
Bank Details Federal Bank Ltd Rajakumari FDRL0002683
Location Idukki, Rajakumari
City Idukki
District Rajakumari
State Kerala
Pincode 685619
Country IN
Address Vellackakudiyil building, rajakumary grama panchayath rajakumary senapathy road rajakumary, idukki, kerala- 685619
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 Rajakumari 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, Rajakumari branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Rajakumari branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Federal Bank Ltd are available with micr code -

>>Rajakumari

MICR code for Fedral Bank Rajakumari

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 Rajakumari 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 Rajakumari branch. MICR code for Rajakumari 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 Rajakumari is presented in the table alongside.

Use of Federal Bank MICR code for Rajakumari branch in idukki

The MICR code 0 is used in RBI cheque clearing process to identify the branch Rajakumari 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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