Karnataka Vikas Bank Vijayapur Bikapur Karnataka MICR CODE

Find MICR Codes for Karnataka Vikas Bank Vijayapur Bikapur Karnataka

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MICR Code	-NA-
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	Satalagaon P I
Contact	9606080482
Bank Details	Karnataka Vikas Grameena Bank Satalagaon P I KVGB0003213

Location	Vijayapur, Bikapur
City	Vijayapur
District	Bikapur
State	Karnataka
Pincode	586217
Country	IN
Address	Karnataka vikas grameena bank, gram panchayat building, tqindi, dist vijayapur pincode 586217

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 0 for Satalagaon P I 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 0 of Karnataka Grameena Bank, Satalagaon P I branch makes the system almost error free and faster. Use of Karnataka Grameena Bank MICR codes for Satalagaon P I 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 -

>>Hirur >>Nalatawad >>Satalagaon P I

MICR code for Karnataka Vikas Bank Satalagaon P I

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 Satalagaon P I 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. 0 is the MICR code of KVG Bank for Satalagaon P I branch. MICR code for Satalagaon P I 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 Satalagaon P I is presented in the table alongside.

Use of Karnataka Grameena Bank MICR code for Satalagaon P I branch in vijayapur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Satalagaon P I 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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