There is increasing interest in the development of reliable, rapid and non-intrusive security control systems. Multimodal biometrics such as palmprints and iris provide highly effective automatic mechanisms for use in personal identification and helps to minimize the system error rate. This paper presents a new method for extracting features in spatial domain from palmprints and iris. Thepade's Block Truncation Coding using level 2 is taken here to reduce the feature vector size. For improving accuracy in form of genuine acceptance rate(GAR)in multimodal biometric identification we take iris and palmprint together at matching score level. The test beds of 60 pairs of Iris and Palmprint samples of 10 person (6 per person of iris as well as Palmprint) are used as test bed for experimentation. In this Paper different color spaces are considered on iris images for improvement in genuine acceptance ratio (GAR). Experimental results consider different matching score proportion of Iris: Palmprint. Using propose techniques with Iris: Palmprint Score 15:1 using TSTBTC Level2 given better performance as indicated by higher GAR values than all other considers scores. RGB color spaces for multimodal fusion of Iris: Palmprint gives high GAR than all other color spaces like YCgCb, YIQ, YCbCr, YIQ, and KLUV.