Fedral Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Fedral Bank Mumbai Greater Bombay Maharashtra

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MICR Code
Bank Federal Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mumbai Chembur
Contact Narayanan K R, E Mail:Bbyn@federalbank.Co.In Ph No.: 022-25298105(Sm)
Bank Details Federal Bank Ltd Mumbai Chembur FDRL0001399
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400071
Country IN
Address Shop no.1,ed-el, plot no.208,, central avenue road, chembur, mumbai, 400 071, maharashtra
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 400049013 for Mumbai Chembur 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 400049013 of Federal Bank, Mumbai Chembur branch makes the system almost error free and faster. Use of Federal Bank MICR codes for Mumbai Chembur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Fedral Bank Mumbai Chembur

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 Mumbai Chembur 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. 400049013 is the MICR code of Fedral Bank for Mumbai Chembur branch. MICR code for Mumbai Chembur 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 Mumbai Chembur is presented in the table alongside.

Use of Federal Bank MICR code for Mumbai Chembur branch in mumbai

The MICR code 400049013 is used in RBI cheque clearing process to identify the branch Mumbai Chembur 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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