Fedral Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Fedral Bank Bangalore Bangalore Urban Karnataka

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MICR Code	560049004
Bank	Federal Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bangalore Basavanagudi
Contact	George K K, E Mail:Bgrc@federalbank.Co.In Ph No.: 080-26617616 (Sm)
Bank Details	Federal Bank Ltd Bangalore Basavanagudi FDRL0001318

Location	Bangalore, Bangalore Urban
City	Bangalore
District	Bangalore Urban
State	Karnataka
Pincode	560004
Country	IN
Address	No 70, gandhi bazar main road, first floor, basavanagudi, bangalore, 560 004, karnataka

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 560049004 for Bangalore Basavanagudi 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 560049004 of Federal Bank, Bangalore Basavanagudi branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Bangalore Basavanagudi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 22 branches of Federal Bank Ltd are available with micr code -

>>Bangalore Asset Recovery >>Bangalore Banashankari >>Bangalore Banaswadi >>Bangalore Basavanagudi >>Bangalore Funds And Investment >>Bangalore Gandhi Nagar >>Bangalore Hosa Road >>Bangalore Hsr Layout >>Bangalore Indiaranagar >>Bangalore J P Nagar >>Bangalore Jaya Nagar >>Bangalore Koramangala >>Bangalore Marathahalli >>Bangalore Rajaji Nagar >>Bangalore Residency Road >>Bangalore Rt Nagar >>Bangalore Thanisandra >>Bangalore Vidyapeeta Circle >>Bangalore Vignana Nagar >>Bangalore Vijaya Nagar >>Bangalorekr Puram Extension Counter >>Banglore Zonal Office

MICR code for Fedral Bank Bangalore Basavanagudi

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 Bangalore Basavanagudi 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. 560049004 is the MICR code of Fedral Bank for Bangalore Basavanagudi branch. MICR code for Bangalore Basavanagudi 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 Bangalore Basavanagudi is presented in the table alongside.

Use of Federal Bank MICR code for Bangalore Basavanagudi branch in bangalore

The MICR code 560049004 is used in RBI cheque clearing process to identify the branch Bangalore Basavanagudi 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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