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North Malabar Bank Kollasserry Cannur Kerala MICR CODE

Find MICR Codes for North Malabar Bank Kollasserry Cannur Kerala

Bank North Malabar Gramin Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kolassery
Contact 9400069003
Bank Details North Malabar Gramin Bank Kolassery NMGB0000003
Location Kollasserry, Cannur
City Kollasserry
District Cannur
State Kerala
Pincode 240550
Country IN
Address North malabar gramin bank, kolassery branch, p o kolassery- 670 601, kannur district, kerala, ph: 0498- 240550
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 670460801 for Kolassery 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 670460801 of Malabar Bank, Kolassery branch makes the system almost error free and faster. Use of Malabar Bank MICR codes for Kolassery branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of North Malabar Gramin Bank are available with micr code -


MICR code for North Malabar Bank Kolassery

North Malabar Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Malabar Bank MICR code for Kolassery 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. 670460801 is the MICR code of Malabar Gramin Bank for Kolassery branch. MICR code for Kolassery 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 Malabar Bank Kolassery is presented in the table alongside.

Use of Malabar Bank MICR code for Kolassery branch in kollasserry

The MICR code 670460801 is used in RBI cheque clearing process to identify the branch Kolassery and Malabar 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 Malabar Gramin Bank is typically in either of these two font’s: E-138 and CMC-7.