Indian Bank Koratty Thrissur Kerala MICR CODE

Find MICR Codes for Indian Bank Koratty Thrissur Kerala

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MICR Code	680019005
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Koratty
Contact	1122963202
Bank Details	Indian Bank Koratty IDIB000K242

Location	Koratty, Thrissur
City	Koratty
District	Thrissur
State	Kerala
Pincode	680308
Country	IN
Address	I st. Floor,vazhapilly towers, opp. Govt.of india press,koratty,kinfra park po, thrissur,kerala

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 680019005 for Koratty 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 680019005 of Indian Bank, Koratty branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Koratty 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 -

>>Koratty

MICR code for Indian Bank Koratty

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 Koratty 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. 680019005 is the MICR code of Indian Bank for Koratty branch. MICR code for Koratty 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 Koratty is presented in the table alongside.

Use of Indian Bank MICR code for Koratty branch in koratty

The MICR code 680019005 is used in RBI cheque clearing process to identify the branch Koratty 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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