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Indian Bank Akathethara Palakkad Kerala MICR CODE

Find MICR Codes for Indian Bank Akathethara Palakkad Kerala

MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Akathethara
Contact 0491 2555272
Bank Details Indian Bank Akathethara IDIB000A007
Location Akathethara, Palakkad
City Akathethara
District Palakkad
State Kerala
Pincode 678008
Country IN
Address 177/6 malampuzha road akathethara palakkad 678008
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.

Search Indian Bank MICR Codes in palakkad

You can search through MICR Codes of Kerala branches in akathethara of District palakkad in Kerala State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Indian Bank are available with micr code -

>>Akathethara

How to find MICR codes for Indian Bank in akathethara?

Indian Bank akathethara MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Indian Bank MICR codes list for akathethara, one can further search by branch name specified in the table. You can find MICR codes for all Indian Bank akathethara branches.

Indian Bank MICR code in akathethara

Indian Bank MICR code is a character recognition technology used by banks in the processing of cheques. Indian Bank MICR code for akathethara branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Indian Bank branches in akathethara, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Indian Bank MICR code for akathethara branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Indian Bank akathethara branch, sprinted 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. Thus MICR code for Indian Bank akathethara branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Indian Bank MICR codes for akathethara branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!