Fedral Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Fedral Bank Chennai Chennai 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 Chennai Ashok Nagar
Contact
Bank Details Federal Bank Ltd Chennai Ashok Nagar FDRL0002309
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600083
Country IN
Address No 31/52,2nd avenue, chennai, ashok nagar,tamil nadu 600083
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 Chennai Ashok Nagar 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, Chennai Ashok Nagar branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Chennai Ashok Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Fedral Bank Chennai Ashok Nagar

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 Chennai Ashok Nagar 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 Chennai Ashok Nagar branch. MICR code for Chennai Ashok Nagar 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 Chennai Ashok Nagar is presented in the table alongside.

Use of Federal Bank MICR code for Chennai Ashok Nagar branch in chennai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Chennai Ashok Nagar 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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