Karur Vysya Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Karur Vysya Bank Chennai Chennai Tamil Nadu

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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	Corporate And Institution Group
Contact	31-9176010435
Bank Details	Karur Vysya Bank Corporate And Institution Group KVBL0001956

Location	Chennai, Chennai
City	Chennai
District	Chennai
State	Tamil Nadu
Pincode	600086
Country	IN
Address	2nd floor, no 1 padmavathiar road, gopalapuram, chennai, tamilnadu 600086

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 Corporate And Institution Group 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, Corporate And Institution Group branch makes the system almost error free and faster. Use of Karur Bank MICR codes for Corporate And Institution Group branch, makes the characters readable even if there are other marks and stamps on it.

A total of 87 branches of Karur Vysya Bank are available with micr code -

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MICR code for Karur Vysya Bank Corporate And Institution Group

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 Corporate And Institution Group 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 Corporate And Institution Group branch. MICR code for Corporate And Institution Group 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 Corporate And Institution Group is presented in the table alongside.

Use of Karur Bank MICR code for Corporate And Institution Group branch in chennai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Corporate And Institution Group 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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