Vijaya Bank Medchal Rangareddy Andhra Pradesh MICR CODE

Find MICR Codes for Vijaya Bank Medchal Rangareddy Andhra Pradesh

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MICR Code	500029036
Bank	Vijaya Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Medchal Andhrapradesh
Contact	Phone: 08418 220181
Bank Details	Vijaya Bank Medchal Andhrapradesh VIJB0004102

Location	Medchal, Rangareddy
City	Medchal
District	Rangareddy
State	Andhra Pradesh
Pincode	501401
Country	IN
Address	Sadananda arcade,opp.mukund theatre,n h - 7,medchal,andhrapradesh

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 500029036 for Medchal Andhrapradesh 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 500029036 of Vijaya Bank, Medchal Andhrapradesh branch makes the system almost error free and faster. Use of Vijaya Bank MICR codes for Medchal Andhrapradesh 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 -

>>Medchal Andhrapradesh

MICR code for Vijaya Bank Medchal Andhrapradesh

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 Medchal Andhrapradesh 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. 500029036 is the MICR code of Vijaya Bank for Medchal Andhrapradesh branch. MICR code for Medchal Andhrapradesh 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 Medchal Andhrapradesh is presented in the table alongside.

Use of Vijaya Bank MICR code for Medchal Andhrapradesh branch in medchal

The MICR code 500029036 is used in RBI cheque clearing process to identify the branch Medchal Andhrapradesh 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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