Fedral Bank Budhanoor Alapuzzha Kerala MICR CODE

Find MICR Codes for Fedral Bank Budhanoor Alapuzzha Kerala

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MICR Code
Bank Federal Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Budhanoor
Contact Easwaran Namboodiri V, E Mail:Bnr@federalbank.Co.In Ph No.: 0479-2465261(Sm)
Bank Details Federal Bank Ltd Budhanoor FDRL0001268
Location Budhanoor, Alapuzzha
City Budhanoor
District Alapuzzha
State Kerala
Pincode 689510
Country IN
Address N s s karayogam building, budhanoor, , puliyoor (via), 689 510, kerala
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 Budhanoor 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, Budhanoor branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Budhanoor 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 -

>>Budhanoor

MICR code for Fedral Bank Budhanoor

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

Use of Federal Bank MICR code for Budhanoor branch in budhanoor

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