Fedral Bank Kolkata Kolkata West Bengal MICR CODE

Find MICR Codes for Fedral Bank Kolkata Kolkata West Bengal

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MICR Code
Bank Federal Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kolkata Vip Road
Contact Caln@federalbank.Co.In
Bank Details Federal Bank Ltd Kolkata Vip Road FDRL0001985
Location Kolkata, Kolkata
City Kolkata
District Kolkata
State West Bengal
Pincode 700057
Country IN
Address Siddhi apartments , 71, teghoria, vip roadp s rajarhat, kolkata , west bengal , 700057
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 Kolkata Vip Road 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, Kolkata Vip Road branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Kolkata Vip Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Fedral Bank Kolkata Vip Road

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 Kolkata Vip Road 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 Kolkata Vip Road branch. MICR code for Kolkata Vip Road 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 Kolkata Vip Road is presented in the table alongside.

Use of Federal Bank MICR code for Kolkata Vip Road branch in kolkata

The MICR code 0 is used in RBI cheque clearing process to identify the branch Kolkata Vip Road 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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