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North Malabar Bank Kollasserry Cannur Kerala MICR CODE

Find MICR Codes for North Malabar Bank Kollasserry Cannur Kerala

MICR Code
Bank North Malabar Gramin Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kolassery
Contact 9400069003
Bank Details North Malabar Gramin Bank Kolassery NMGB0000003
Location Kollasserry, Cannur
City Kollasserry
District Cannur
State Kerala
Pincode 240550
Country IN
Address North malabar gramin bank, kolassery branch, p o kolassery- 670 601, kannur district, kerala, ph: 0498- 240550
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.

Search North Malabar Bank MICR Codes in cannur

You can search through MICR Codes of Kerala branches in kollasserry of District cannur in Kerala State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Kolassery

How to find MICR codes for North Malabar Bank in kollasserry?

North Malabar Bank kollasserry MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Malabar Bank MICR codes list for kollasserry, one can further search by branch name specified in the table. You can find MICR codes for all North Malabar Bank kollasserry branches.

Malabar Bank MICR code in kollasserry

North Malabar Bank MICR code is a character recognition technology used by banks in the processing of cheques. Malabar Bank MICR code for kollasserry branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Malabar Gramin Bank branches in kollasserry, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Malabar Gramin Bank MICR code for kollasserry branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a North Malabar Bank kollasserry branch, sprinted 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. Thus MICR code for Malabar Bank kollasserry branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Malabar Gramin Bank MICR codes for kollasserry branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!