Karnataka Vikas Bank Yalavatti Gadag Karnataka MICR CODE

Find MICR Codes for Karnataka Vikas Bank Yalavatti Gadag Karnataka

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MICR Code	582483540
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	Yalavatti
Contact	9480699190
Bank Details	Karnataka Vikas Grameena Bank Yalavatti KVGB0006405

Location	Yalavatti, Gadag
City	Yalavatti
District	Gadag
State	Karnataka
Pincode	582114
Country	IN
Address	Yalawatti branch v.p.c. Building,yalawatti - 582 114. Tq. : shirahatti, dist. : gadag

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 582483540 for Yalavatti 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 582483540 of Karnataka Grameena Bank, Yalavatti branch makes the system almost error free and faster. Use of Karnataka Grameena Bank MICR codes for Yalavatti 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 -

>>Yalavatti

MICR code for Karnataka Vikas Bank Yalavatti

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 Yalavatti 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. 582483540 is the MICR code of KVG Bank for Yalavatti branch. MICR code for Yalavatti 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 Yalavatti is presented in the table alongside.

Use of Karnataka Grameena Bank MICR code for Yalavatti branch in yalavatti

The MICR code 582483540 is used in RBI cheque clearing process to identify the branch Yalavatti 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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