IDBI Balusseri Kozhikode Kerala MICR CODE

Find MICR Codes for IDBI Balusseri Kozhikode Kerala

MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Balussery Co Operative Urban Bank Ltd
Contact 0496-2236033
Bank Details Idbi Bank Ltd Balussery Co Operative Urban Bank Ltd IBKL0114BCU
Location Balusseri, Kozhikode
City Balusseri
District Kozhikode
State Kerala
Pincode 673612
Country IN
Address Balusseri p o, kozhikode - 673612
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 673844352 for Balussery Co Operative Urban Bank Ltd 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 673844352 of IDBI Bank, Balussery Co Operative Urban Bank Ltd branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Balussery Co Operative Urban Bank Ltd branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Balussery Co Operative Urban Bank Ltd

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Balussery Co Operative Urban Bank Ltd 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. 673844352 is the MICR code of IDBI for Balussery Co Operative Urban Bank Ltd branch. MICR code for Balussery Co Operative Urban Bank Ltd 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 IDBI Bank Balussery Co Operative Urban Bank Ltd is presented in the table alongside.

Use of IDBI Bank MICR code for Balussery Co Operative Urban Bank Ltd branch in balusseri

The MICR code 673844352 is used in RBI cheque clearing process to identify the branch Balussery Co Operative Urban Bank Ltd and IDBI 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 IDBI is typically in either of these two font’s: E-138 and CMC-7.

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