Fedral Bank Aluva Ernakulam Kerala MICR CODE

Find MICR Codes for Fedral Bank Aluva Ernakulam Kerala

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State
District
City
Branch
Address

MICR Code	-NA-
Bank	Federal Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Collection Hub
Contact	484-2634185
Bank Details	Federal Bank Ltd Collection Hub FDRL00CLHUB

Location	Aluva, Ernakulam
City	Aluva
District	Ernakulam
State	Kerala
Pincode	683101
Country	IN
Address	The federal bank ltd, information technology department, federal towers, ho, bank junction, aluva, kerala - 683101

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 Collection Hub 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, Collection Hub branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Collection Hub branch, makes the characters readable even if there are other marks and stamps on it.

A total of 13 branches of Federal Bank Ltd are available with micr code -

>>Aluva Bank Junction >>Aluva Railway Station Square >>Alwaye Urban Co Op Evening >>Alwaye Urban Co Op Main >>Aucb Br Alengad >>Aucb Br Chunangamveli >>Chunangamveli >>Collection Hub >>Information Technology Department >>Information Technology Department >>Marampally >>Numeric Vas >>Thaikkattukara

MICR code for Fedral Bank Collection Hub

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 Collection Hub 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 Collection Hub branch. MICR code for Collection Hub 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 Collection Hub is presented in the table alongside.

Use of Federal Bank MICR code for Collection Hub branch in aluva

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