Fedral Bank Gajuwaka Vishakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Fedral Bank Gajuwaka Vishakhapatnam Andhra Pradesh

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MICR Code
Bank Federal Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gajuwaka
Contact Gjw@federalbank.Co.In
Bank Details Federal Bank Ltd Gajuwaka FDRL0001687
Location Gajuwaka, Vishakhapatnam
City Gajuwaka
District Vishakhapatnam
State Andhra Pradesh
Pincode 530026
Country IN
Address D. No. 10-8-27 kanithi road beside mangalgiri complex gajuwaka vishakhapatnam – 530 026
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 530049002 for Gajuwaka 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 530049002 of Federal Bank, Gajuwaka branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Gajuwaka 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 -

>>Gajuwaka

MICR code for Fedral Bank Gajuwaka

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 Gajuwaka 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. 530049002 is the MICR code of Fedral Bank for Gajuwaka branch. MICR code for Gajuwaka 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 Gajuwaka is presented in the table alongside.

Use of Federal Bank MICR code for Gajuwaka branch in gajuwaka

The MICR code 530049002 is used in RBI cheque clearing process to identify the branch Gajuwaka 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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