Indian Bank Colachel Kanniyakumari Tamil Nadu MICR CODE

Find MICR Codes for Indian Bank Colachel Kanniyakumari Tamil Nadu

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State
District
City
Branch
Address

MICR Code	-NA-
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Colachel
Contact	04651 225888
Bank Details	Indian Bank Colachel IDIB000C117

Location	Colachel, Kanniyakumari
City	Colachel
District	Kanniyakumari
State	Tamil Nadu
Pincode	629251
Country	IN
Address	St. Mary's primary school building port street colachel 629 251

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 0 for Colachel 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 0 of Indian Bank, Colachel branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Colachel branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Colachel

MICR code for Indian Bank Colachel

Indian Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Indian Bank MICR code for Colachel 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. 0 is the MICR code of Indian Bank for Colachel branch. MICR code for Colachel 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 Indian Bank Colachel is presented in the table alongside.

Use of Indian Bank MICR code for Colachel branch in colachel

The MICR code 0 is used in RBI cheque clearing process to identify the branch Colachel and Indian 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 Indian Bank is typically in either of these two font’s: E-138 and CMC-7.

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