Karur Vysya Bank Paramagudi Ramanathapuram Tamil Nadu MICR CODE

Find MICR Codes for Karur Vysya Bank Paramagudi Ramanathapuram 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 Paramakudi
Contact 24/7 Phone Helpline - 1860 200 1916, Website - Www.Kvb.Co.In
Bank Details Karur Vysya Bank Paramakudi KVBL0001656
Location Paramagudi, Ramanathapuram
City Paramagudi
District Ramanathapuram
State Tamil Nadu
Pincode 623707
Country IN
Address No. 6/262c, railway feeder road ,nsc bose road,paramkudi 623707
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 625053009 for Paramakudi 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 625053009 of Karur Bank, Paramakudi branch makes the system almost error free and faster. Use of Karur Bank MICR codes for Paramakudi 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 -

>>Paramakudi

MICR code for Karur Vysya Bank Paramakudi

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 Paramakudi 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. 625053009 is the MICR code of KVB for Paramakudi branch. MICR code for Paramakudi 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 Paramakudi is presented in the table alongside.

Use of Karur Bank MICR code for Paramakudi branch in paramagudi

The MICR code 625053009 is used in RBI cheque clearing process to identify the branch Paramakudi 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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