Vijaya Bank Chikodi Belgaum Karnataka MICR CODE

Find MICR Codes for Vijaya Bank Chikodi Belgaum Karnataka

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MICR Code
Bank Vijaya Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chikkodi Karnataka
Contact
Bank Details Vijaya Bank Chikkodi Karnataka VIJB0001346
Location Chikodi, Belgaum
City Chikodi
District Belgaum
State Karnataka
Pincode 591201
Country IN
Address Shaha complex, k c road, chikkodi, karnataka state, 591201
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 591029202 for Chikkodi Karnataka 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 591029202 of Vijaya Bank, Chikkodi Karnataka branch makes the system almost error free and faster. Use of Vijaya Bank MICR codes for Chikkodi Karnataka branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Chikkodi Karnataka

MICR code for Vijaya Bank Chikkodi Karnataka

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 Chikkodi Karnataka 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. 591029202 is the MICR code of Vijaya Bank for Chikkodi Karnataka branch. MICR code for Chikkodi Karnataka 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 Chikkodi Karnataka is presented in the table alongside.

Use of Vijaya Bank MICR code for Chikkodi Karnataka branch in chikodi

The MICR code 591029202 is used in RBI cheque clearing process to identify the branch Chikkodi Karnataka 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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