Karnataka Vikas Bank Raibag Belgaum Karnataka MICR CODE

Find MICR Codes for Karnataka Vikas Bank Raibag Belgaum Karnataka

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MICR Code	591483554
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	Raibag
Contact	9480699343
Bank Details	Karnataka Vikas Grameena Bank Raibag KVGB0002712

Location	Raibag, Belgaum
City	Raibag
District	Belgaum
State	Karnataka
Pincode	591317
Country	IN
Address	Raibag branch c. B. Badore building, v. P. C. No. 1560, ankali road, raibag - 591 317. Tq. : raibag, dist. : belgaum.

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 591483554 for Raibag 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 591483554 of Karnataka Grameena Bank, Raibag branch makes the system almost error free and faster. Use of Karnataka Grameena Bank MICR codes for Raibag branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Karnataka Vikas Grameena Bank are available with micr code -

>>Itnal >>Nandikurli >>Raibag

MICR code for Karnataka Vikas Bank Raibag

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 Raibag 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. 591483554 is the MICR code of KVG Bank for Raibag branch. MICR code for Raibag 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 Raibag is presented in the table alongside.

Use of Karnataka Grameena Bank MICR code for Raibag branch in raibag

The MICR code 591483554 is used in RBI cheque clearing process to identify the branch Raibag 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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