Karnataka Vikas Bank Ranebennur Haveri Karnataka MICR CODE

Find MICR Codes for Karnataka Vikas Bank Ranebennur Haveri Karnataka

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MICR Code	581483103
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	Ranebennur
Contact	9480699228
Bank Details	Karnataka Vikas Grameena Bank Ranebennur KVGB0007410

Location	Ranebennur, Haveri
City	Ranebennur
District	Haveri
State	Karnataka
Pincode	581115
Country	IN
Address	Ranebennur branch “shivaparvati” hanagodimath complex, nehru market, ranebennur - 581 115. Tq. : ranebennur, dist. : haveri.

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 581483103 for Ranebennur 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 581483103 of Karnataka Grameena Bank, Ranebennur branch makes the system almost error free and faster. Use of Karnataka Grameena Bank MICR codes for Ranebennur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Karnataka Vikas Grameena Bank are available with micr code -

>>Karur >>Medleri Road Ranebennur >>Ranebennur >>Shg Branch Ranebennur >>Siddeshwar Nagar

MICR code for Karnataka Vikas Bank Ranebennur

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 Ranebennur 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. 581483103 is the MICR code of KVG Bank for Ranebennur branch. MICR code for Ranebennur 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 Ranebennur is presented in the table alongside.

Use of Karnataka Grameena Bank MICR code for Ranebennur branch in ranebennur

The MICR code 581483103 is used in RBI cheque clearing process to identify the branch Ranebennur 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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