Fedral Bank Erode Erode Tamil Nadu MICR CODE

Find MICR Codes for Fedral Bank Erode Erode Tamil Nadu

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MICR Code	638049002
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	Erode
Contact	Srinivasan K, E Mail:Erd@federalbank.Co.In Ph No.: 0424-2253298 (Sm)
Bank Details	Federal Bank Ltd Erode FDRL0001177

Location	Erode, Erode
City	Erode
District	Erode
State	Tamil Nadu
Pincode	638009
Country	IN
Address	, no.22, palaniappa street, perundurai road, erode, 638 009, 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 638049002 for Erode 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 638049002 of Federal Bank, Erode branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Erode branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of Federal Bank Ltd are available with micr code -

>>Chennimalai >>Erode >>Erode Solar >>Erode Soolai >>Gobichettipalayam >>Kalingarayan Palayam >>Kondayampalayam >>Nagalur

MICR code for Fedral Bank Erode

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 Erode 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. 638049002 is the MICR code of Fedral Bank for Erode branch. MICR code for Erode 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 Erode is presented in the table alongside.

Use of Federal Bank MICR code for Erode branch in erode

The MICR code 638049002 is used in RBI cheque clearing process to identify the branch Erode 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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