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Fedral Bank Kochi Ernakulam Kerala MICR CODE

Find MICR Codes for Fedral Bank Kochi Ernakulam Kerala

MICR Code:
Bank: Federal Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Accounts Department
Contact: 0484 2385593 2385596 5385595 Accounts@federalbank.Co.In
Bank Details: Federal Bank Ltd Accounts Department FDRL0000035
Location: Kochi, Ernakulam
City: Kochi
District: Ernakulam
State: Kerala
Pincode: 682031
Country: IN
Address: Federal towers, marine drive, ernakulam - 682031
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 Accounts Department 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, Accounts Department branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Accounts Department branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Fedral Bank Accounts Department

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 Accounts Department 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 Accounts Department branch. MICR code for Accounts Department 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 Accounts Department is presented in the table alongside.

Use of Federal Bank MICR code for Accounts Department branch in kochi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Accounts Department 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.