The Kerala State Co Operative Bank Ltd Palakkad Palakkad Kerala MICR CODE

Find MICR Codes for The Kerala State Co Operative Bank Ltd Palakkad Palakkad Kerala

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MICR Code
Bank The Kerala State Co Operative Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ottapalam
Contact 466-2244312
Bank Details The Kerala State Co Operative Bank Ltd Ottapalam KSBK0001545
Location Palakkad, Palakkad
City Palakkad
District Palakkad
State Kerala
Pincode 678101
Country IN
Address 23/530,531,pdc bank building,ottapalam,palakkad pin 678101
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 0 for Ottapalam 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 0 of The Kerala State Co Op Bank Limited, Ottapalam branch makes the system almost error free and faster. Use of The Kerala State Co Op Bank Limited MICR codes for Ottapalam branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for The Kerala State Co Operative Bank Ltd Ottapalam

The Kerala State Co Operative Bank Ltd MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. The Kerala State Co Op Bank Limited MICR code for Ottapalam 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. 0 is the MICR code of The Kerala State Co Operative Bank Ltd for Ottapalam branch. MICR code for Ottapalam 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 The Kerala State Co Op Bank Limited Ottapalam is presented in the table alongside.

Use of The Kerala State Co Op Bank Limited MICR code for Ottapalam branch in palakkad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ottapalam and The Kerala State Co Op Bank Limited 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 The Kerala State Co Operative Bank Ltd is typically in either of these two font’s: E-138 and CMC-7.

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