Vijaya Bank Delhi Delhi New Delhi MICR CODE

Find MICR Codes for Vijaya Bank Delhi Delhi New Delhi

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MICR Code
Bank Vijaya Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ladpur New Delhi
Contact Ladpur6058@vijayabank.Co.In
Bank Details Vijaya Bank Ladpur New Delhi VIJB0006058
Location Delhi, Delhi
City Delhi
District Delhi
State New Delhi
Pincode 110081
Country IN
Address H no.258,main road ladpur,new delhi-110081
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 1102981 for Ladpur New Delhi 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 1102981 of Vijaya Bank, Ladpur New Delhi branch makes the system almost error free and faster. Use of Vijaya Bank MICR codes for Ladpur New Delhi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Vijaya Bank Ladpur New Delhi

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 Ladpur New Delhi 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. 1102981 is the MICR code of Vijaya Bank for Ladpur New Delhi branch. MICR code for Ladpur New Delhi 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 Ladpur New Delhi is presented in the table alongside.

Use of Vijaya Bank MICR code for Ladpur New Delhi branch in delhi

The MICR code 1102981 is used in RBI cheque clearing process to identify the branch Ladpur New Delhi 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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