Karnataka Vikas Bank Hubli Dharwad Dharwad Karnataka MICR CODE

Find MICR Codes for Karnataka Vikas Bank Hubli Dharwad Dharwad Karnataka

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MICR Code	580483011
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	Madhura Colony
Contact	9480699502
Bank Details	Karnataka Vikas Grameena Bank Madhura Colony KVGB0004116

Location	Hubli Dharwad, Dharwad
City	Hubli Dharwad
District	Dharwad
State	Karnataka
Pincode	580023
Country	IN
Address	Akshaya enclaves madhura colony, kusugal road, hubli 580023

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 580483011 for Madhura Colony 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 580483011 of Karnataka Grameena Bank, Madhura Colony branch makes the system almost error free and faster. Use of Karnataka Grameena Bank MICR codes for Madhura Colony branch, makes the characters readable even if there are other marks and stamps on it.

A total of 31 branches of Karnataka Vikas Grameena Bank are available with micr code -

>>Adargunchi >>Apmc Dharwad >>D.N. Koppa Dwr >>Dbhps Dwd >>Dharwad Main >>Dharwad Ro >>District Court Complex Dharwad >>Gandhi Chowk >>Gandhinagar >>Gokul >>Gokul Rd Hubli >>H O Branch Dharwad >>Head Office >>Hubli >>Jayanagar Dwd >>Kotbagi >>Line Bazar Dwd >>Madanbhavi >>Madhura Colony >>Malamaddi Dharwad >>Navanagar >>Old Hubli >>Rajatgiri Dharwad >>Rayanal >>Shiraguppi >>Shirur Park Hubli >>Shrinagar Hubli >>Station Road Hubli >>Vijaynagar >>Vikas Nagar Dharwad >>Walmi

MICR code for Karnataka Vikas Bank Madhura Colony

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 Madhura Colony 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. 580483011 is the MICR code of KVG Bank for Madhura Colony branch. MICR code for Madhura Colony 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 Madhura Colony is presented in the table alongside.

Use of Karnataka Grameena Bank MICR code for Madhura Colony branch in hubli dharwad

The MICR code 580483011 is used in RBI cheque clearing process to identify the branch Madhura Colony 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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