Fino Payment Bank Moradabad Moradabad Uttar Pradesh MICR CODE

Find MICR Codes for Fino Payment Bank Moradabad Moradabad Uttar Pradesh

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MICR Code	-NA-
Bank	Fino Payment Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Moradabad
Contact	0-8791286692
Bank Details	Fino Payment Bank Moradabad FINO0001568

Location	Moradabad, Moradabad
City	Moradabad
District	Moradabad
State	Uttar Pradesh
Pincode	226012
Country	IN
Address	Bpcl petrol pump sector i,ashiyana lucknow uttar pradesh 226012

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 Moradabad 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, Moradabad branch makes the system almost error free and faster. Use of Fino Bank MICR codes for Moradabad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Fino Payment Bank are available with micr code -

>>Moradabad

MICR code for Fino Payment Bank Moradabad

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

Use of Fino Bank MICR code for Moradabad branch in moradabad

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