Karnataka Vikas Bank Gadag Gadag Karnataka MICR CODE

Find MICR Codes for Karnataka Vikas Bank Gadag Gadag Karnataka

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MICR Code	582483506
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	Mulgundnaka Gdg
Contact	9480699177
Bank Details	Karnataka Vikas Grameena Bank Mulgundnaka Gdg KVGB0006007

Location	Gadag, Gadag
City	Gadag
District	Gadag
State	Karnataka
Pincode	582101
Country	IN
Address	Mulgundnaka branch hosallimath complex,mulgund naka baranch tq. : gadag, dist. : gadag.

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 582483506 for Mulgundnaka Gdg 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 582483506 of Karnataka Grameena Bank, Mulgundnaka Gdg branch makes the system almost error free and faster. Use of Karnataka Grameena Bank MICR codes for Mulgundnaka Gdg branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of Karnataka Vikas Grameena Bank are available with micr code -

>>Antur Bentur >>Gadag >>Gadag R O >>Hatalgeri Naka >>Huilgol >>Kotamuchagi >>Mulgundnaka Gdg >>Yalishirur

MICR code for Karnataka Vikas Bank Mulgundnaka Gdg

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 Mulgundnaka Gdg 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. 582483506 is the MICR code of KVG Bank for Mulgundnaka Gdg branch. MICR code for Mulgundnaka Gdg 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 Mulgundnaka Gdg is presented in the table alongside.

Use of Karnataka Grameena Bank MICR code for Mulgundnaka Gdg branch in gadag

The MICR code 582483506 is used in RBI cheque clearing process to identify the branch Mulgundnaka Gdg 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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