Fedral Bank Chavassery Cannur Kerala MICR CODE

Find MICR Codes for Fedral Bank Chavassery Cannur Kerala

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MICR Code
Bank Federal Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mattannur
Contact 0490-2473950 Mau@federalbank.Co.In
Bank Details Federal Bank Ltd Mattannur FDRL0001634
Location Chavassery, Cannur
City Chavassery
District Cannur
State Kerala
Pincode 670702
Country IN
Address Mattannur plaza, kannur road, mattannur - 670702
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 Mattannur 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, Mattannur branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Mattannur 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 -

>>Mattannur

MICR code for Fedral Bank Mattannur

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 Mattannur 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 Mattannur branch. MICR code for Mattannur 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 Mattannur is presented in the table alongside.

Use of Federal Bank MICR code for Mattannur branch in chavassery

The MICR code 0 is used in RBI cheque clearing process to identify the branch Mattannur 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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