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The Nilambur Co Operative Urban Bank Ltd Chokkad Malappuram Kerala MICR CODE

Find MICR Codes for The Nilambur Co Operative Urban Bank Ltd Chokkad Malappuram Kerala

MICR Code
Bank The Nilambur Co Operative Urban Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chokkad Branch
Contact
Bank Details The Nilambur Co Operative Urban Bank Limited Chokkad Branch NCUB0000022
Location Chokkad, Malappuram
City Chokkad
District Malappuram
State Kerala
Pincode 679355
Country IN
Address Building no.156,pkg building,chokkad post,malappuram dist - 679355
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 Chokkad Branch 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 NCUB, Chokkad Branch branch makes the system almost error free and faster. Use of NCUB MICR codes for Chokkad Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of The Nilambur Co Operative Urban Bank Limited are available with micr code -

>>Chokkad Branch

MICR code for The Nilambur Co Operative Urban Bank Ltd Chokkad Branch

The Nilambur Co Operative Urban Bank Ltd MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. NCUB MICR code for Chokkad Branch 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 The Nilambur Co Operative Urban Bank Ltd for Chokkad Branch branch. MICR code for Chokkad Branch 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 NCUB Chokkad Branch is presented in the table alongside.

Use of NCUB MICR code for Chokkad Branch branch in chokkad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Chokkad Branch and NCUB 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 The Nilambur Co Operative Urban Bank Ltd is typically in either of these two font’s: E-138 and CMC-7.