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Kerala Gramin Bank Kozhikode Kozhikode Kerala MICR CODE

Find MICR Codes for Kerala Gramin Bank Kozhikode Kozhikode Kerala

MICR Code
Bank Kerala Gramin Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Atholi
Contact
Bank Details Kerala Gramin Bank Atholi KLGB0040103
Location Kozhikode, Kozhikode
City Kozhikode
District Kozhikode
State Kerala
Pincode 673315
Country IN
Address Atholi p.o.atholi,kozhikode, dt,pin-673315
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 Atholi 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 Kerala Bank, Atholi branch makes the system almost error free and faster. Use of Kerala Bank MICR codes for Atholi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Kerala Gramin Bank Atholi

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

Use of Kerala Bank MICR code for Atholi branch in kozhikode

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