Kaveri Grameena Bank Chikmagalur Chikmagalur Karnataka MICR CODE

Find MICR Codes for Kaveri Grameena Bank Chikmagalur Chikmagalur Karnataka

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MICR Code
Bank Kaveri Grameena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mugulavalli
Contact 248654
Bank Details Kaveri Grameena Bank Mugulavalli KGRB0000249
Location Chikmagalur, Chikmagalur
City Chikmagalur
District Chikmagalur
State Karnataka
Pincode
Country IN
Address Mugulavallichikamaglur taluk
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 Mugulavalli 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 Kaveri Grameena Bank, Mugulavalli branch makes the system almost error free and faster. Use of Kaveri Grameena Bank MICR codes for Mugulavalli branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Kaveri Grameena Bank Mugulavalli

Kaveri Grameena Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Kaveri Grameena Bank MICR code for Mugulavalli 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 Kaveri Grameena Bank for Mugulavalli branch. MICR code for Mugulavalli 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 Kaveri Grameena Bank Mugulavalli is presented in the table alongside.

Use of Kaveri Grameena Bank MICR code for Mugulavalli branch in chikmagalur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Mugulavalli and Kaveri Grameena 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 Kaveri Grameena Bank is typically in either of these two font’s: E-138 and CMC-7.

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