Karnataka Vikas Bank Muttiagi Dharwad Karnataka MICR CODE

Find MICR Codes for Karnataka Vikas Bank Muttiagi Dharwad 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 Muttiagi
Contact 9480699132
Bank Details Karnataka Vikas Grameena Bank Muttiagi KVGB0004206
Location Muttiagi, Dharwad
City Muttiagi
District Dharwad
State Karnataka
Pincode 581204
Country IN
Address Muttagi branch panchayat building, muttagi - 581 204. Tq. : kalaghatagi, dist. : dharwad
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 580483525 for Muttiagi 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 580483525 of Karnataka Grameena Bank, Muttiagi branch makes the system almost error free and faster. Use of Karnataka Grameena Bank MICR codes for Muttiagi 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 -

>>Muttiagi

MICR code for Karnataka Vikas Bank Muttiagi

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 Muttiagi 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. 580483525 is the MICR code of KVG Bank for Muttiagi branch. MICR code for Muttiagi 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 Muttiagi is presented in the table alongside.

Use of Karnataka Grameena Bank MICR code for Muttiagi branch in muttiagi

The MICR code 580483525 is used in RBI cheque clearing process to identify the branch Muttiagi 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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