Vijaya Bank Managundi Dharwad Karnataka MICR CODE

Find MICR Codes for Vijaya Bank Managundi Dharwad Karnataka

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MICR Code	580029304
Bank	Vijaya Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Managundi Karnataka
Contact	Phone:0836 2472580
Bank Details	Vijaya Bank Managundi Karnataka VIJB0001372

Location	Managundi, Dharwad
City	Managundi
District	Dharwad
State	Karnataka
Pincode	580003
Country	IN
Address	Hoysalanagar, managundi, dharwar dist, karnataka state, 580003

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 580029304 for Managundi 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 580029304 of Vijaya Bank, Managundi Karnataka branch makes the system almost error free and faster. Use of Vijaya Bank MICR codes for Managundi 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 -

>>Managundi Karnataka

MICR code for Vijaya Bank Managundi 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 Managundi 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. 580029304 is the MICR code of Vijaya Bank for Managundi Karnataka branch. MICR code for Managundi 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 Managundi Karnataka is presented in the table alongside.

Use of Vijaya Bank MICR code for Managundi Karnataka branch in managundi

The MICR code 580029304 is used in RBI cheque clearing process to identify the branch Managundi 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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