Karur Vysya Bank Suburban Suburban Maharashtra MICR CODE

Find MICR Codes for Karur Vysya Bank Suburban Suburban Maharashtra

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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	Neo Mumbai
Contact	422-2227760
Bank Details	Karur Vysya Bank Neo Mumbai KVBL0002137

Location	Suburban, Suburban
City	Suburban
District	Suburban
State	Maharashtra
Pincode
Country	IN
Address	No 409,4thfloor,inizio cst nos.479,479/1-17,cardinal gracious road,opp p and g plazza,andheri east.

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

A total of 1 branches of Karur Vysya Bank are available with micr code -

>>Neo Mumbai

MICR code for Karur Vysya Bank Neo Mumbai

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 Neo Mumbai 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 Neo Mumbai branch. MICR code for Neo Mumbai 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 Neo Mumbai is presented in the table alongside.

Use of Karur Bank MICR code for Neo Mumbai branch in suburban

The MICR code 0 is used in RBI cheque clearing process to identify the branch Neo Mumbai 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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