Karur Vysya Bank Gobichettipalayam Erode Tamil Nadu MICR CODE

Find MICR Codes for Karur Vysya Bank Gobichettipalayam Erode Tamil Nadu

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MICR Code
Bank Karur Vysya Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gobichettipalayam
Contact 24/7 Phone Helpline - 1860 200 1916, Website - Www.Kvb.Co.In
Bank Details Karur Vysya Bank Gobichettipalayam KVBL0001131
Location Gobichettipalayam, Erode
City Gobichettipalayam
District Erode
State Tamil Nadu
Pincode 638452
Country IN
Address P.b.no.29 21 cutchery road,,gobichettipalayam-638452
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 938053002 for Gobichettipalayam 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 938053002 of Karur Bank, Gobichettipalayam branch makes the system almost error free and faster. Use of Karur Bank MICR codes for Gobichettipalayam branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Karur Vysya Bank are available with micr code -

>>Gobichettipalayam >>Soundapur

MICR code for Karur Vysya Bank Gobichettipalayam

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 Gobichettipalayam 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. 938053002 is the MICR code of KVB for Gobichettipalayam branch. MICR code for Gobichettipalayam 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 Gobichettipalayam is presented in the table alongside.

Use of Karur Bank MICR code for Gobichettipalayam branch in gobichettipalayam

The MICR code 938053002 is used in RBI cheque clearing process to identify the branch Gobichettipalayam 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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