Karnataka Vikas Bank Sudi Gadag Karnataka MICR CODE

Find MICR Codes for Karnataka Vikas Bank Sudi Gadag Karnataka

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MICR Code	582483544
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	Itagi
Contact	9480699563
Bank Details	Karnataka Vikas Grameena Bank Itagi KVGB0006314

Location	Sudi, Gadag
City	Sudi
District	Gadag
State	Karnataka
Pincode	582212
Country	IN
Address	Gram panchayat building a/p itagi tq.ron pin – 582 212

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 582483544 for Itagi 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 582483544 of Karnataka Grameena Bank, Itagi branch makes the system almost error free and faster. Use of Karnataka Grameena Bank MICR codes for Itagi 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 -

>>Itagi >>Sudi

MICR code for Karnataka Vikas Bank Itagi

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 Itagi 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. 582483544 is the MICR code of KVG Bank for Itagi branch. MICR code for Itagi 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 Itagi is presented in the table alongside.

Use of Karnataka Grameena Bank MICR code for Itagi branch in sudi

The MICR code 582483544 is used in RBI cheque clearing process to identify the branch Itagi 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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