MICR Code Bank
Find MICR code for North Malabar Bank branches in India for NEFT and RTGS transfer

North Malabar Bank MICR CODE

Find MICR Codes for North Malabar Bank

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  1. North Malabar Gramin Bank »
  2. Kerala »
  3. alapuzha »
  4. mavelikkara »
  5. mavelikkara

Find MICR Codes for North Malabar Bank

MICR Code: 690460152
Bank: North Malabar Gramin Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Mavelikkara
Contact: 9400069156
Bank Details: North Malabar Gramin Bank Mavelikkara NMGB0000156
Location: Mavelikkara, Alapuzha
City: Mavelikkara
District: Alapuzha
State: Kerala
Pincode: 690101
Country: IN
Address: North malabar gramin bank, mavelikkara, corel house, kottar kova road, puthiya kavu, maveliikkara - p.o, alappuzha - 690 101,0479-2340755

How does MICR code for 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 of Malabar Bank, branch makes the system almost error free and faster. Use of Malabar Bank MICR codes for 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

>>Mavelikkara

MICR code for North Malabar Bank

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 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. is the MICR code of Malabar Gramin Bank for branch. MICR code for 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 is presented in the table alongside.

Use of Malabar Bank MICR code for branch in mavelikkara

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