FEDERAL BANK, Chandigarh

MICR Codes for other Branches of Federal Bank In "Chandigarh"

MICR Code for FEDERAL BANKChandigarh

The MICR code for a FEDERAL BANK is a machine readable code that is used for processing and clearance of cheques. The code helps to identify the bank branch to which the cheque belongs. It is used when cheque goes for clearing, where the magnetic reader reads the code and it gets sorted automatically. This code speeds up the clearance process.

The MICR code for FEDERAL BANK is printed on the bottom of every cheque leaf of the FEDERAL BANK.

Decoding-160049002

160049002 the MICR code of FEDERAL BANK,ChandigarhChandigarh.

• The first 3 characters, i.e. 160 is the first three characters of PIN (Postal Index Number)
• The next three characters, i.e. 049 depicts the bank number of FEDERAL BANK
• The last three charters, i.e. 002 depicts theChandigarh ofChandigarh.

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