| MICR CODE | 520049103 |
|---|---|
| Bank | Federal Bank |
| Branch | Budampadu |
| IFSC Code | IFSC Code Federal Bank |
| Address | Door No 1-98, Near Lord Ganesha Temple, Budampadu, Guntur Rural District,andhra Pradesh, 522007 |
| City | Guntur |
| State | Andhra Pradesh |
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Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.
MICR code is a code printed on checks using MICR (Magnetic Ink Character Recognition) technology. The purpose of this code is to identify the cheques and which means faster processing. A MICR code is a 9-digit code that uniquely identifies the bank and branch participating in an Electronic Clearing System (ECS).