Fino Payment Bank New Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Fino Payment Bank New Delhi New Delhi New Delhi

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MICR Code
Bank Fino Payment Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jasola Village
Contact 9716082250
Bank Details Fino Payment Bank Jasola Village FINO0001089
Location New Delhi, New Delhi
City New Delhi
District New Delhi
State New Delhi
Pincode 110025
Country IN
Address H no 70, g , f, jasola village, near jamia coperative, new delhi 110025
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 Jasola Village 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 Fino Bank, Jasola Village branch makes the system almost error free and faster. Use of Fino Bank MICR codes for Jasola Village branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Fino Payment Bank are available with micr code -

>>Jasola Village >>Mandoli

MICR code for Fino Payment Bank Jasola Village

Fino Payment Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Fino Bank MICR code for Jasola Village 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 Fino for Jasola Village branch. MICR code for Jasola Village 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 Fino Bank Jasola Village is presented in the table alongside.

Use of Fino Bank MICR code for Jasola Village branch in new delhi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Jasola Village and Fino 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 Fino is typically in either of these two font’s: E-138 and CMC-7.

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