North Malabar Bank Erattupetta Kottayam Kerala MICR CODE

Find MICR Codes for North Malabar Bank Erattupetta Kottayam Kerala

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MICR Code
Bank North Malabar Gramin Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Eratupetta
Contact 9400069145
Bank Details North Malabar Gramin Bank Eratupetta NMGB0000145
Location Erattupetta, Kottayam
City Erattupetta
District Kottayam
State Kerala
Pincode 277263
Country IN
Address North malabar gramin bank, erattupetta, pulickal palace, erattupetta - 686 121, kerala, ph: 04822 - 277263
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 686460102 for Eratupetta 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 686460102 of Malabar Bank, Eratupetta branch makes the system almost error free and faster. Use of Malabar Bank MICR codes for Eratupetta branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of North Malabar Gramin Bank are available with micr code -

>>Eratupetta

MICR code for North Malabar Bank Eratupetta

North Malabar Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Malabar Bank MICR code for Eratupetta 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. 686460102 is the MICR code of Malabar Gramin Bank for Eratupetta branch. MICR code for Eratupetta 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 Malabar Bank Eratupetta is presented in the table alongside.

Use of Malabar Bank MICR code for Eratupetta branch in erattupetta

The MICR code 686460102 is used in RBI cheque clearing process to identify the branch Eratupetta and Malabar 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 Malabar Gramin Bank is typically in either of these two font’s: E-138 and CMC-7.

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