Vijaya Bank Ottapalam Palakkad Kerala MICR CODE

Find MICR Codes for Vijaya Bank Ottapalam Palakkad Kerala

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MICR Code
Bank Vijaya Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ottapalam
Contact 0
Bank Details Vijaya Bank Ottapalam VIJB0002107
Location Ottapalam, Palakkad
City Ottapalam
District Palakkad
State Kerala
Pincode 679101
Country IN
Address First floor,blu mall,opp valluvanad hospital kanniyampuram post,palakkad dist
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 Vijaya Bank, Ottapalam branch makes the system almost error free and faster. Use of Vijaya Bank MICR codes for Ottapalam branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Ottapalam

MICR code for Vijaya Bank Ottapalam

Vijaya Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Vijaya Bank 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 Vijaya Bank 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 Vijaya Bank Ottapalam is presented in the table alongside.

Use of Vijaya Bank MICR code for Ottapalam branch in ottapalam

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

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