North Malabar Bank Erumely Kottayam Kerala MICR CODE

Find MICR Codes for North Malabar Bank Erumely 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 Erumely
Contact 9400069201
Bank Details North Malabar Gramin Bank Erumely NMGB0000201
Location Erumely, Kottayam
City Erumely
District Kottayam
State Kerala
Pincode 686509
Country IN
Address North malabar gramin bank,erumely,kattupalam building,kottayam district686 509, 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 686460154 for Erumely 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 686460154 of Malabar Bank, Erumely branch makes the system almost error free and faster. Use of Malabar Bank MICR codes for Erumely 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 -

>>Erumely

MICR code for North Malabar Bank Erumely

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 Erumely 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. 686460154 is the MICR code of Malabar Gramin Bank for Erumely branch. MICR code for Erumely 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 Erumely is presented in the table alongside.

Use of Malabar Bank MICR code for Erumely branch in erumely

The MICR code 686460154 is used in RBI cheque clearing process to identify the branch Erumely 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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