Vijaya Bank Koteshwar Udipi Karnataka MICR CODE

Find MICR Codes for Vijaya Bank Koteshwar Udipi Karnataka

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MICR Code	101029111
Bank	Vijaya Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Koteshwar Branch
Contact	Koteshwara1527@vijayabank.Co.In
Bank Details	Vijaya Bank Koteshwar Branch VIJB0001527

Location	Koteshwar, Udipi
City	Koteshwar
District	Udipi
State	Karnataka
Pincode	576222
Country	IN
Address	Shet complex,main roadkoteshwara0

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 101029111 for Koteshwar Branch 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 101029111 of Vijaya Bank, Koteshwar Branch branch makes the system almost error free and faster. Use of Vijaya Bank MICR codes for Koteshwar Branch 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 -

>>Koteshwar Branch

MICR code for Vijaya Bank Koteshwar Branch

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 Koteshwar Branch 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. 101029111 is the MICR code of Vijaya Bank for Koteshwar Branch branch. MICR code for Koteshwar Branch 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 Koteshwar Branch is presented in the table alongside.

Use of Vijaya Bank MICR code for Koteshwar Branch branch in koteshwar

The MICR code 101029111 is used in RBI cheque clearing process to identify the branch Koteshwar Branch 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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