Karur Vysya Bank Salem Salem Tamil Nadu MICR CODE

Find MICR Codes for Karur Vysya Bank Salem Salem Tamil Nadu

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State
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MICR Code	-NA-
Bank	Karur Vysya Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Business Banking Unit Salem
Contact
Bank Details	Karur Vysya Bank Business Banking Unit Salem KVBL0001897

Location	Salem, Salem
City	Salem
District	Salem
State	Tamil Nadu
Pincode	636004
Country	IN
Address	I floor 269 a bharathi street swarnapuri alagapuram salem 636004

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 Business Banking Unit Salem 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 Karur Bank, Business Banking Unit Salem branch makes the system almost error free and faster. Use of Karur Bank MICR codes for Business Banking Unit Salem branch, makes the characters readable even if there are other marks and stamps on it.

A total of 13 branches of Karur Vysya Bank are available with micr code -

>>Ayothiapattinam >>Business Banking Unit Salem >>Deviyakurichi >>Panjakalipatti >>Salem Alagapuram >>Salem Cco >>Salem Do >>Salem Gorimedu >>Salem Gugai >>Salem Kondalampatti >>Salem Main >>Salem Shevapet >>Veeraganur

MICR code for Karur Vysya Bank Business Banking Unit Salem

Karur Vysya Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Karur Bank MICR code for Business Banking Unit Salem 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 KVB for Business Banking Unit Salem branch. MICR code for Business Banking Unit Salem 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 Karur Bank Business Banking Unit Salem is presented in the table alongside.

Use of Karur Bank MICR code for Business Banking Unit Salem branch in salem

The MICR code 0 is used in RBI cheque clearing process to identify the branch Business Banking Unit Salem and Karur 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 KVB is typically in either of these two font’s: E-138 and CMC-7.

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