Idukki Bank neyyassery MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Idukki Coop Bank MICR codes list for neyyassery, one can further search by branch name specified in the table. You can find MICR codes for all Idukki Bank neyyassery branches.
Idukki Bank MICR code is a character recognition technology used by banks in the processing of cheques. Idukki Coop Bank MICR code for neyyassery branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Idukki District Bank branches in neyyassery, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.
In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Idukki Bank neyyassery branch, sprinted 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. Thus MICR code for Idukki Coop Bank neyyassery branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Idukki District Bank MICR codes for neyyassery branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!