Fedral Bank Chitradurga Chitradurga Karnataka MICR CODE

Find MICR Codes for Fedral Bank Chitradurga Chitradurga Karnataka

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MICR Code
Bank Federal Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chitradurga
Contact 08194 220931 220932 Cra@federalbank.Co.In
Bank Details Federal Bank Ltd Chitradurga FDRL0001594
Location Chitradurga, Chitradurga
City Chitradurga
District Chitradurga
State Karnataka
Pincode 577501
Country IN
Address Opp vasavi mahal basaveswara talkies road chitradurga 577501
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 Chitradurga 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, Chitradurga branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Chitradurga 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 -

>>Chitradurga

MICR code for Fedral Bank Chitradurga

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

Use of Federal Bank MICR code for Chitradurga branch in chitradurga

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