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Idukki Bank Labbakkada Idukki Kerala MICR CODE

Find MICR Codes for Idukki Bank Labbakkada Idukki Kerala

MICR Code
Bank Idukki District Co-Operative Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Labbakkada
Contact 8547880201
Bank Details Idukki District Co-Operative Bank Ltd Labbakkada IDUK0000048
Location Labbakkada, Idukki
City Labbakkada
District Idukki
State Kerala
Pincode 685511
Country IN
Address Labbakada branch,kalthotty p.o,pin 685 507
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 685818216 for Labbakkada 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 685818216 of Idukki Coop Bank, Labbakkada branch makes the system almost error free and faster. Use of Idukki Coop Bank MICR codes for Labbakkada branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Idukki District Co-Operative Bank Ltd are available with micr code -

>>Labbakkada

MICR code for Idukki Bank Labbakkada

Idukki Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Idukki Coop Bank MICR code for Labbakkada 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. 685818216 is the MICR code of Idukki District Bank for Labbakkada branch. MICR code for Labbakkada 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 Idukki Coop Bank Labbakkada is presented in the table alongside.

Use of Idukki Coop Bank MICR code for Labbakkada branch in labbakkada

The MICR code 685818216 is used in RBI cheque clearing process to identify the branch Labbakkada and Idukki Coop 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 Idukki District Bank is typically in either of these two font’s: E-138 and CMC-7.