Fedral Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Fedral Bank Bangalore Bangalore Urban Karnataka

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MICR Code	560049003
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 Residency Road
Contact	Unnikrishnan V M, E Mail:Bgra@federalbank.Co.In Ph No.: 080-25591407 (Agm)
Bank Details	Federal Bank Ltd Bangalore Residency Road FDRL0001104

Location	Bangalore, Bangalore Urban
City	Bangalore
District	Bangalore Urban
State	Karnataka
Pincode	560025
Country	IN
Address	P b no. 25058, 44 & 45 residency road, museum road p o, bangalore, 560 025, 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 560049003 for Bangalore Residency Road 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 560049003 of Federal Bank, Bangalore Residency Road branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Bangalore Residency Road 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 -

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MICR code for Fedral Bank Bangalore Residency Road

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 Residency Road 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. 560049003 is the MICR code of Fedral Bank for Bangalore Residency Road branch. MICR code for Bangalore Residency Road 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 Residency Road is presented in the table alongside.

Use of Federal Bank MICR code for Bangalore Residency Road branch in bangalore

The MICR code 560049003 is used in RBI cheque clearing process to identify the branch Bangalore Residency Road 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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