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

Fino Payment Bank MICR CODE

Find MICR Codes for Fino Payment Bank

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  1. Fino Payment Bank »
  2. Maharashtra »
  3. mumbai »
  4. mumbai »
  5. juinagar branch

Find MICR Codes for Fino Payment Bank

MICR Code: -NA-
Bank: Fino Payment Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Juinagar Branch
Contact: 71047054
Bank Details: Fino Payment Bank Juinagar Branch FINO0009002
Location: Mumbai, Mumbai
City: Mumbai
District: Mumbai
State: Maharashtra
Pincode: 400706
Country: IN
Address: 2nd floor,sawan knowledge park,turbhe midc,navi mumbai 4000705

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

MICR code for Fino Payment Bank

Fino Payment Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Fino 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 Fino 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 Fino Bank is presented in the table alongside.

Use of Fino Bank MICR code for branch in mumbai

The MICR code is used in RBI cheque clearing process to identify the branch and Fino 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 Fino is typically in either of these two font’s: E-138 and CMC-7.