Vijaya Bank Hubli Dharwad Dharwad Karnataka MICR CODE

Find MICR Codes for Vijaya Bank Hubli Dharwad Dharwad Karnataka

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MICR Code
Bank Vijaya Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bankapur Chowk Hubli
Contact Phone:0836-2242236, , ,
Bank Details Vijaya Bank Bankapur Chowk Hubli VIJB0001335
Location Hubli Dharwad, Dharwad
City Hubli Dharwad
District Dharwad
State Karnataka
Pincode 580024
Country IN
Address Bangalore pune-, road,, bankapur chowk, hubli,karnataka, 580024
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 580029005 for Bankapur Chowk Hubli 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 580029005 of Vijaya Bank, Bankapur Chowk Hubli branch makes the system almost error free and faster. Use of Vijaya Bank MICR codes for Bankapur Chowk Hubli branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Vijaya Bank Bankapur Chowk Hubli

Vijaya Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Vijaya Bank MICR code for Bankapur Chowk Hubli 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. 580029005 is the MICR code of Vijaya Bank for Bankapur Chowk Hubli branch. MICR code for Bankapur Chowk Hubli 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 Vijaya Bank Bankapur Chowk Hubli is presented in the table alongside.

Use of Vijaya Bank MICR code for Bankapur Chowk Hubli branch in hubli dharwad

The MICR code 580029005 is used in RBI cheque clearing process to identify the branch Bankapur Chowk Hubli and Vijaya 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 Vijaya Bank is typically in either of these two font’s: E-138 and CMC-7.

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