Karnataka Vikas Bank Indi Bijapur Karnataka MICR CODE

Find MICR Codes for Karnataka Vikas Bank Indi Bijapur Karnataka

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MICR Code	586483553
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	Khedagi
Contact	9480699592
Bank Details	Karnataka Vikas Grameena Bank Khedagi KVGB0003208

Location	Indi, Bijapur
City	Indi
District	Bijapur
State	Karnataka
Pincode	586218
Country	IN
Address	H g miragi bldg a/p khedagi tq.indi dt bijapur pin - 586 218

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 586483553 for Khedagi 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 586483553 of Karnataka Grameena Bank, Khedagi branch makes the system almost error free and faster. Use of Karnataka Grameena Bank MICR codes for Khedagi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Karnataka Vikas Grameena Bank are available with micr code -

>>Indi >>Khedagi >>Shirshyad >>Umrani

MICR code for Karnataka Vikas Bank Khedagi

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 Khedagi 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. 586483553 is the MICR code of KVG Bank for Khedagi branch. MICR code for Khedagi 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 Khedagi is presented in the table alongside.

Use of Karnataka Grameena Bank MICR code for Khedagi branch in indi

The MICR code 586483553 is used in RBI cheque clearing process to identify the branch Khedagi 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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