IDBI Malappuram Malappuram Kerala MICR CODE

Find MICR Codes for IDBI Malappuram Malappuram Kerala

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Malappuram District Co Operative Bank Malappuram
Contact 0483-2734892
Bank Details Idbi Bank Ltd Malappuram District Co Operative Bank Malappuram IBKL0209M01
Location Malappuram, Malappuram
City Malappuram
District Malappuram
State Kerala
Pincode 676505
Country IN
Address The malappuram district co op bank ltd, malappuram branch, malappuram po,pin-676505
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 676822152 for Malappuram District Co Operative Bank Malappuram 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 676822152 of IDBI Bank, Malappuram District Co Operative Bank Malappuram branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Malappuram District Co Operative Bank Malappuram branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Malappuram District Co Operative Bank Malappuram

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Malappuram District Co Operative Bank Malappuram 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. 676822152 is the MICR code of IDBI for Malappuram District Co Operative Bank Malappuram branch. MICR code for Malappuram District Co Operative Bank Malappuram 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 IDBI Bank Malappuram District Co Operative Bank Malappuram is presented in the table alongside.

Use of IDBI Bank MICR code for Malappuram District Co Operative Bank Malappuram branch in malappuram

The MICR code 676822152 is used in RBI cheque clearing process to identify the branch Malappuram District Co Operative Bank Malappuram and IDBI 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 IDBI is typically in either of these two font’s: E-138 and CMC-7.

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