Fedral Bank Chikodi Belgaum Karnataka MICR CODE

Find MICR Codes for Fedral Bank Chikodi Belgaum Karnataka

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MICR Code
Bank Federal Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chikodi
Contact Ckd@federalbank.Co.In
Bank Details Federal Bank Ltd Chikodi FDRL0001939
Location Chikodi, Belgaum
City Chikodi
District Belgaum
State Karnataka
Pincode 591201
Country IN
Address ""house no.3450, sadguru premnivas, indiranagar, chikodi-591201 , belgaum dist, 591201
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 Chikodi 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, Chikodi branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Chikodi 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 -

>>Chikodi

MICR code for Fedral Bank Chikodi

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

Use of Federal Bank MICR code for Chikodi branch in chikodi

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