Karnataka Vikas Bank Bagalkot Bagalkote Karnataka MICR CODE

Find MICR Codes for Karnataka Vikas Bank Bagalkot Bagalkote Karnataka

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MICR Code	587483103
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	Navanagar (Bgk)
Contact	9480699438
Bank Details	Karnataka Vikas Grameena Bank Navanagar (Bgk) KVGB0001105

Location	Bagalkot, Bagalkote
City	Bagalkot
District	Bagalkote
State	Karnataka
Pincode	587103
Country	IN
Address	Navanagar branch plot no.c-69, sector 33 sbm building, near dist consumers forum , navanagar - 587 103, tq: dist bagalkot.

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 587483103 for Navanagar (Bgk) 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 587483103 of Karnataka Grameena Bank, Navanagar (Bgk) branch makes the system almost error free and faster. Use of Karnataka Grameena Bank MICR codes for Navanagar (Bgk) 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 -

>>Bagalkot >>Bagalkote R O >>Navanagar (Bgk) >>Rampur

MICR code for Karnataka Vikas Bank Navanagar (Bgk)

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 Navanagar (Bgk) 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. 587483103 is the MICR code of KVG Bank for Navanagar (Bgk) branch. MICR code for Navanagar (Bgk) 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 Navanagar (Bgk) is presented in the table alongside.

Use of Karnataka Grameena Bank MICR code for Navanagar (Bgk) branch in bagalkot

The MICR code 587483103 is used in RBI cheque clearing process to identify the branch Navanagar (Bgk) 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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