Fedral Bank Koratty Thrissur Kerala MICR CODE

Find MICR Codes for Fedral Bank Koratty Thrissur Kerala

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MICR Code
Bank Federal Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Koratty Extension
Contact 0480 - 2733515 Krtz@federalbank.Co.In
Bank Details Federal Bank Ltd Koratty Extension FDRL0001754
Location Koratty, Thrissur
City Koratty
District Thrissur
State Kerala
Pincode 680308
Country IN
Address Infopark nalukettu road koratty thrissur dist kerala 680 308
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 680049022 for Koratty Extension 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 680049022 of Federal Bank, Koratty Extension branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Koratty Extension 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 -

>>Koratty >>Koratty Extension

MICR code for Fedral Bank Koratty Extension

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 Koratty Extension 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. 680049022 is the MICR code of Fedral Bank for Koratty Extension branch. MICR code for Koratty Extension 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 Koratty Extension is presented in the table alongside.

Use of Federal Bank MICR code for Koratty Extension branch in koratty

The MICR code 680049022 is used in RBI cheque clearing process to identify the branch Koratty Extension 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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