Indian Bank Kundara Kollam Kerala MICR CODE

Find MICR Codes for Indian Bank Kundara Kollam Kerala

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MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kaithacode
Contact 0474 2620408
Bank Details Indian Bank Kaithacode IDIB000K121
Location Kundara, Kollam
City Kundara
District Kollam
State Kerala
Pincode 691543
Country IN
Address O g building kaithacode kollam 691543
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.

Search Indian Bank MICR Codes in kollam

You can search through MICR Codes of Kerala branches in kundara of District kollam in Kerala State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Kaithacode

How to find MICR codes for Indian Bank in kundara?

Indian Bank kundara MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Indian Bank MICR codes list for kundara, one can further search by branch name specified in the table. You can find MICR codes for all Indian Bank kundara branches.

Indian Bank MICR code in kundara

Indian Bank MICR code is a character recognition technology used by banks in the processing of cheques. Indian Bank MICR code for kundara 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 Indian Bank branches in kundara, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Indian Bank MICR code for kundara branches speed up the processing 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 Indian Bank kundara 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 Indian Bank kundara branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Indian Bank MICR codes for kundara branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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