IDBI Kollam Kollam Kerala MICR CODE

Find MICR Codes for IDBI Kollam Kollam Kerala

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Thangassery
Contact 2796637
Bank Details Idbi Bank Ltd Thangassery IBKL0737CU4
Location Kollam, Kollam
City Kollam
District Kollam
State Kerala
Pincode 691007
Country IN
Address 178 xxxj thangassery p o kollam -691007
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 691808004 for Thangassery 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 691808004 of IDBI Bank, Thangassery branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Thangassery branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Thangassery

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Thangassery 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. 691808004 is the MICR code of IDBI for Thangassery branch. MICR code for Thangassery 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 Thangassery is presented in the table alongside.

Use of IDBI Bank MICR code for Thangassery branch in kollam

The MICR code 691808004 is used in RBI cheque clearing process to identify the branch Thangassery 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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