Fedral Bank Faridabad Faridabad Haryana MICR CODE

Find MICR Codes for Fedral Bank Faridabad Faridabad Haryana

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State
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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	Faridabad Sector 16
Contact	Frda@federalbank.Co.In
Bank Details	Federal Bank Ltd Faridabad Sector 16 FDRL0001914

Location	Faridabad, Faridabad
City	Faridabad
District	Faridabad
State	Haryana
Pincode	121001
Country	IN
Address	Sco-5 , sector 16 , faridab , adharyana,

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 Faridabad Sector 16 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, Faridabad Sector 16 branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Faridabad Sector 16 branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Federal Bank Ltd are available with micr code -

>>Faridabad >>Faridabad Sector 16

MICR code for Fedral Bank Faridabad Sector 16

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 Faridabad Sector 16 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 Faridabad Sector 16 branch. MICR code for Faridabad Sector 16 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 Faridabad Sector 16 is presented in the table alongside.

Use of Federal Bank MICR code for Faridabad Sector 16 branch in faridabad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Faridabad Sector 16 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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