IDBI Cannur Payyannur Kerala MICR CODE

Find MICR Codes for IDBI Cannur Payyannur Kerala

MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch The Payyanur Co Operative Town Bank Ltd Payyanur
Contact 4985-202930
Bank Details Idbi Bank Ltd The Payyanur Co Operative Town Bank Ltd Payyanur IBKL01807PT
Location Cannur, Payyannur
City Cannur
District Payyannur
State Kerala
Pincode 670307
Country IN
Address Pm xviii/496,town bank building,payyanur po,kanur 670307
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 IDBI MICR Codes in payyannur

You can search through MICR Codes of Kerala branches in cannur of District payyannur 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 Idbi Bank Ltd are available with micr code -

>>The Payyanur Co Operative Town Bank Ltd Payyanur

How to find MICR codes for IDBI in cannur?

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

IDBI Bank MICR code in cannur

IDBI MICR code is a character recognition technology used by banks in the processing of cheques. IDBI Bank MICR code for cannur 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 IDBI branches in cannur, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does IDBI MICR code for cannur 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 IDBI cannur 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 IDBI Bank cannur branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of IDBI MICR codes for cannur branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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