Karnataka Vikas Bank Kagwad Belgaum Karnataka MICR CODE

Find MICR Codes for Karnataka Vikas Bank Kagwad Belgaum Karnataka

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MICR Code
Bank Karnataka Vikas Grameena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kagwad
Contact 9480699317
Bank Details Karnataka Vikas Grameena Bank Kagwad KVGB0002004
Location Kagwad, Belgaum
City Kagwad
District Belgaum
State Karnataka
Pincode 591223
Country IN
Address Kagawad branch  patil building, bajarpeth, kagawad - 591 223. Tq. : athani,  dist. : belgaum.
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 591483523 for Kagwad 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 591483523 of Karnataka Grameena Bank, Kagwad branch makes the system almost error free and faster. Use of Karnataka Grameena Bank MICR codes for Kagwad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Karnataka Vikas Grameena Bank are available with micr code -

>>Kagwad

MICR code for Karnataka Vikas Bank Kagwad

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 Kagwad 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. 591483523 is the MICR code of KVG Bank for Kagwad branch. MICR code for Kagwad 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 Kagwad is presented in the table alongside.

Use of Karnataka Grameena Bank MICR code for Kagwad branch in kagwad

The MICR code 591483523 is used in RBI cheque clearing process to identify the branch Kagwad 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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