IDBI Koduvally Kozhikode Kerala MICR CODE

Find MICR Codes for IDBI Koduvally Kozhikode Kerala

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch The Kozhikode District Co Operative Bank Ltd Koduvally Evening Branch
Contact 2210209
Bank Details Idbi Bank Ltd The Kozhikode District Co Operative Bank Ltd Koduvally Evening Branch IBKL0114K45
Location Koduvally, Kozhikode
City Koduvally
District Kozhikode
State Kerala
Pincode 673572
Country IN
Address Karatt building, 1st floor ,koduvally p.o. Pin 673572
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 673829041 for The Kozhikode District Co Operative Bank Ltd Koduvally Evening Branch 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 673829041 of IDBI Bank, The Kozhikode District Co Operative Bank Ltd Koduvally Evening Branch branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for The Kozhikode District Co Operative Bank Ltd Koduvally Evening Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Idbi Bank Ltd are available with micr code -

>>The Kozhikode District Co Operative Bank Ltd Koduvally Evening Branch

MICR code for IDBI The Kozhikode District Co Operative Bank Ltd Koduvally Evening Branch

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for The Kozhikode District Co Operative Bank Ltd Koduvally Evening Branch 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. 673829041 is the MICR code of IDBI for The Kozhikode District Co Operative Bank Ltd Koduvally Evening Branch branch. MICR code for The Kozhikode District Co Operative Bank Ltd Koduvally Evening Branch 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 The Kozhikode District Co Operative Bank Ltd Koduvally Evening Branch is presented in the table alongside.

Use of IDBI Bank MICR code for The Kozhikode District Co Operative Bank Ltd Koduvally Evening Branch branch in koduvally

The MICR code 673829041 is used in RBI cheque clearing process to identify the branch The Kozhikode District Co Operative Bank Ltd Koduvally Evening Branch 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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