Karnataka Vikas Bank Ugargol Belgaum Karnataka MICR CODE

Find MICR Codes for Karnataka Vikas Bank Ugargol Belgaum Karnataka

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MICR Code	590483527
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	Ugargol
Contact	9480699296
Bank Details	Karnataka Vikas Grameena Bank Ugargol KVGB0002910

Location	Ugargol, Belgaum
City	Ugargol
District	Belgaum
State	Karnataka
Pincode	591196
Country	IN
Address	Ugargol branch sri basaveshwar devasthan building, ugargol - 591 196. Tq. : savadatti, 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 590483527 for Ugargol 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 590483527 of Karnataka Grameena Bank, Ugargol branch makes the system almost error free and faster. Use of Karnataka Grameena Bank MICR codes for Ugargol branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Karnataka Vikas Grameena Bank are available with micr code -

>>Ugargol

MICR code for Karnataka Vikas Bank Ugargol

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 Ugargol 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. 590483527 is the MICR code of KVG Bank for Ugargol branch. MICR code for Ugargol 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 Ugargol is presented in the table alongside.

Use of Karnataka Grameena Bank MICR code for Ugargol branch in ugargol

The MICR code 590483527 is used in RBI cheque clearing process to identify the branch Ugargol 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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