Karnataka Vikas Bank Bhandiwad Dharwad Karnataka MICR CODE

Find MICR Codes for Karnataka Vikas Bank Bhandiwad Dharwad Karnataka

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MICR Code	580483012
Bank	Karnataka Vikas Grameena Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bhandiwad
Contact	9480699106
Bank Details	Karnataka Vikas Grameena Bank Bhandiwad KVGB0004115

Location	Bhandiwad, Dharwad
City	Bhandiwad
District	Dharwad
State	Karnataka
Pincode	580023
Country	IN
Address	Bhairidevarakoppa branch yuvaka mandala building, near bus stop, p.b.road hubli. Bhairidevarakoppa tq. : hubli, dist. : dharwad.

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 580483012 for Bhandiwad 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 580483012 of Karnataka Grameena Bank, Bhandiwad branch makes the system almost error free and faster. Use of Karnataka Grameena Bank MICR codes for Bhandiwad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Karnataka Vikas Grameena Bank are available with micr code -

>>Bhandiwad >>Cbt Hubli

MICR code for Karnataka Vikas Bank Bhandiwad

Karnataka Vikas Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Karnataka Grameena Bank MICR code for Bhandiwad 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. 580483012 is the MICR code of KVG Bank for Bhandiwad branch. MICR code for Bhandiwad 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 Karnataka Grameena Bank Bhandiwad is presented in the table alongside.

Use of Karnataka Grameena Bank MICR code for Bhandiwad branch in bhandiwad

The MICR code 580483012 is used in RBI cheque clearing process to identify the branch Bhandiwad and Karnataka Grameena 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 KVG Bank is typically in either of these two font’s: E-138 and CMC-7.

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