Fedral Bank Coimbatore Coimbatore Tamil Nadu MICR CODE

Find MICR Codes for Fedral Bank Coimbatore Coimbatore Tamil Nadu

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MICR Code
Bank Federal Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ccsc Coimbatore
Contact 91-9566729559
Bank Details Federal Bank Ltd Ccsc Coimbatore FDRL0009991
Location Coimbatore, Coimbatore
City Coimbatore
District Coimbatore
State Tamil Nadu
Pincode 641001
Country IN
Address 1st floor, 21 variety hall road, coimbatore 641001, tamil nadu
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 Ccsc Coimbatore 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, Ccsc Coimbatore branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Ccsc Coimbatore branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Fedral Bank Ccsc Coimbatore

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 Ccsc Coimbatore 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 Ccsc Coimbatore branch. MICR code for Ccsc Coimbatore 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 Ccsc Coimbatore is presented in the table alongside.

Use of Federal Bank MICR code for Ccsc Coimbatore branch in coimbatore

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