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Kerala Gramin Bank Malappuram Malappuram Kerala MICR CODE

Find MICR Codes for Kerala Gramin Bank Malappuram Malappuram Kerala

MICR Code
Bank Kerala Gramin Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Karuvarakundu
Contact
Bank Details Kerala Gramin Bank Karuvarakundu KLGB0040104
Location Malappuram, Malappuram
City Malappuram
District Malappuram
State Kerala
Pincode 676573
Country IN
Address Karuvarakundu p.o.tharis,malappuram dt,pin-676573
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 Karuvarakundu 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, Karuvarakundu branch makes the system almost error free and faster. Use of Kerala Bank MICR codes for Karuvarakundu branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Kerala Gramin Bank Karuvarakundu

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 Karuvarakundu 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 Karuvarakundu branch. MICR code for Karuvarakundu 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 Karuvarakundu is presented in the table alongside.

Use of Kerala Bank MICR code for Karuvarakundu branch in malappuram

The MICR code 0 is used in RBI cheque clearing process to identify the branch Karuvarakundu 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.