Vijaya Bank Hyderabad Hyderabad Andhra Pradesh MICR CODE

Find MICR Codes for Vijaya Bank Hyderabad Hyderabad Andhra Pradesh

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MICR Code
Bank Vijaya Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bowenpally Hyderabad
Contact Bowenpalli4117@vijayabank.Co.In
Bank Details Vijaya Bank Bowenpally Hyderabad VIJB0004117
Location Hyderabad, Hyderabad
City Hyderabad
District Hyderabad
State Andhra Pradesh
Pincode 500011
Country IN
Address Survey no:111, bapuji nagar, bowenpally, hyderabad-500011
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 501029011 for Bowenpally Hyderabad 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 501029011 of Vijaya Bank, Bowenpally Hyderabad branch makes the system almost error free and faster. Use of Vijaya Bank MICR codes for Bowenpally Hyderabad branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Vijaya Bank Bowenpally Hyderabad

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 Bowenpally Hyderabad 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. 501029011 is the MICR code of Vijaya Bank for Bowenpally Hyderabad branch. MICR code for Bowenpally Hyderabad 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 Bowenpally Hyderabad is presented in the table alongside.

Use of Vijaya Bank MICR code for Bowenpally Hyderabad branch in hyderabad

The MICR code 501029011 is used in RBI cheque clearing process to identify the branch Bowenpally Hyderabad 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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