Fedral Bank Belgaum Belgaum Karnataka MICR CODE

Find MICR Codes for Fedral Bank Belgaum Belgaum Karnataka

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MICR Code
Bank Federal Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ganeshpur
Contact Joy P I, E Mail:Gnp@federalbank.Co.In Ph No.: 0831-2446719
Bank Details Federal Bank Ltd Ganeshpur FDRL0001495
Location Belgaum, Belgaum
City Belgaum
District Belgaum
State Karnataka
Pincode 591108
Country IN
Address Hindalaga c.s.no. 195 appaji smruti belgundi road hindalaga post ganespur belgaum 591 108 karnataka
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 590049003 for Ganeshpur 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 590049003 of Federal Bank, Ganeshpur branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Ganeshpur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Federal Bank Ltd are available with micr code -

>>Belgaum City >>Belgaum Tilakwadi >>Ganeshpur

MICR code for Fedral Bank Ganeshpur

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 Ganeshpur 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. 590049003 is the MICR code of Fedral Bank for Ganeshpur branch. MICR code for Ganeshpur 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 Ganeshpur is presented in the table alongside.

Use of Federal Bank MICR code for Ganeshpur branch in belgaum

The MICR code 590049003 is used in RBI cheque clearing process to identify the branch Ganeshpur 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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