Fedral Bank Medchal Kompally Telangana MICR CODE

Find MICR Codes for Fedral Bank Medchal Kompally Telangana

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MICR Code
Bank Federal Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kompally
Contact 91-9840083248
Bank Details Federal Bank Ltd Kompally FDRL0002370
Location Medchal, Kompally
City Medchal
District Kompally
State Telangana
Pincode 500014
Country IN
Address 1 - 115/bk - 01, 02, kavi commercial complex, bank street, bollarum road, kompally, medchal, telangana - 500014
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.

Search Fedral Bank MICR Codes in kompally

You can search through MICR Codes of Telangana branches in medchal of District kompally in Telangana State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Federal Bank Ltd are available with micr code -

>>Kompally

How to find MICR codes for Fedral Bank in medchal?

Fedral Bank medchal MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Federal Bank MICR codes list for medchal, one can further search by branch name specified in the table. You can find MICR codes for all Fedral Bank medchal branches.

Federal Bank MICR code in medchal

Fedral Bank MICR code is a character recognition technology used by banks in the processing of cheques. Federal Bank MICR code for medchal branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Fedral Bank branches in medchal, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Fedral Bank MICR code for medchal branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Fedral Bank medchal branch, sprinted 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. Thus MICR code for Federal Bank medchal branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Fedral Bank MICR codes for medchal branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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