North Malabar Bank Kollappally Kottayam Kerala MICR CODE

Find MICR Codes for North Malabar Bank Kollappally Kottayam Kerala

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MICR Code	686460306
Bank	North Malabar Gramin Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kadanad
Contact	9400069218
Bank Details	North Malabar Gramin Bank Kadanad NMGB0000218

Location	Kollappally, Kottayam
City	Kollappally
District	Kottayam
State	Kerala
Pincode	686653
Country	IN
Address	North malabar gramin bank kadanad branch, peedikamalayil buildings, kadanad p.o. 686653, kottayam district

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 686460306 for Kadanad 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 686460306 of Malabar Bank, Kadanad branch makes the system almost error free and faster. Use of Malabar Bank MICR codes for Kadanad 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 -

>>Kadanad

MICR code for North Malabar Bank Kadanad

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 Kadanad 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. 686460306 is the MICR code of Malabar Gramin Bank for Kadanad branch. MICR code for Kadanad 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 Kadanad is presented in the table alongside.

Use of Malabar Bank MICR code for Kadanad branch in kollappally

The MICR code 686460306 is used in RBI cheque clearing process to identify the branch Kadanad 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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