| MICR CODE | 581049202 |
|---|---|
| Bank | Federal Bank |
| Branch | Karwar |
| IFSC Code | IFSC Code Federal Bank |
| Address | 451/g-1, Suprabha, Green Street, Uttar Kannad Dist, |
| City | Karwar |
| State | Karnataka |
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).