Karnataka Vikas Bank Belgaum Belgaum Karnataka MICR CODE

Find MICR Codes for Karnataka Vikas Bank Belgaum Belgaum Karnataka

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MICR Code	590483004
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	Shahpur Belgaum
Contact	9480699289
Bank Details	Karnataka Vikas Grameena Bank Shahpur Belgaum KVGB0002211

Location	Belgaum, Belgaum
City	Belgaum
District	Belgaum
State	Karnataka
Pincode	590003
Country	IN
Address	Belgaum shahapur –branch damanekar building, nath pai circle, shahapur belgaum-590003. Tq & 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 590483004 for Shahpur Belgaum 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 590483004 of Karnataka Grameena Bank, Shahpur Belgaum branch makes the system almost error free and faster. Use of Karnataka Grameena Bank MICR codes for Shahpur Belgaum branch, makes the characters readable even if there are other marks and stamps on it.

A total of 18 branches of Karnataka Vikas Grameena Bank are available with micr code -

>>Agasage >>Azamnagar Bgm >>Badalankalagi >>Basavan Kudachi >>Belgaum >>Belgaum R.O >>Fort Rd Belgaum >>Ganeshpur >>Goawas Belgaum >>Hanuman Nagar >>Kanabargi >>Mutnal >>Ranichannammanagar Belgaum >>Santi Bastawad >>Shahpur Belgaum >>Shrinagar Belgaum >>Udhyam Bagh >>Vaibhav Nagar Belgaum

MICR code for Karnataka Vikas Bank Shahpur Belgaum

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 Shahpur Belgaum 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. 590483004 is the MICR code of KVG Bank for Shahpur Belgaum branch. MICR code for Shahpur Belgaum 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 Shahpur Belgaum is presented in the table alongside.

Use of Karnataka Grameena Bank MICR code for Shahpur Belgaum branch in belgaum

The MICR code 590483004 is used in RBI cheque clearing process to identify the branch Shahpur Belgaum 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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