Fedral Bank Coimbatore Coimbotore Tamil Nadu MICR CODE

Find MICR Codes for Fedral Bank Coimbatore Coimbotore 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 Coimbatore Asset Recovery
Contact Saraswathy R K, E Mail:Cbec@federalbank.Co.In Ph No.: 0422-2302992(M)
Bank Details Federal Bank Ltd Coimbatore Asset Recovery FDRL0001418
Location Coimbatore, Coimbotore
City Coimbatore
District Coimbotore
State Tamil Nadu
Pincode 641001
Country IN
Address Door no 21, variety hall road, coimbatore, , 641 001, tamilnadu
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 Coimbatore Asset Recovery 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, Coimbatore Asset Recovery branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Coimbatore Asset Recovery branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Federal Bank Ltd are available with micr code -

>>Coimbatore >>Coimbatore Asset Recovery >>Coimbatore Kavundam Palayam >>Coimbatore Ssi >>Pollachi

MICR code for Fedral Bank Coimbatore Asset Recovery

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

Use of Federal Bank MICR code for Coimbatore Asset Recovery branch in coimbatore

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