Vijaya Bank Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for Vijaya Bank Hyderabad Hyderabad Urban Andhra Pradesh

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MICR Code
Bank Vijaya Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Motinagar Hyderabad
Contact
Bank Details Vijaya Bank Motinagar Hyderabad VIJB0004077
Location Hyderabad, Hyderabad Urban
City Hyderabad
District Hyderabad Urban
State Andhra Pradesh
Pincode 500018
Country IN
Address Plot no.17 mahahalaxmi, bhavan,serwell co-op.h.s., motinagar, hyderabad,andra pradesh, 500018
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 500029021 for Motinagar Hyderabad 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 500029021 of Vijaya Bank, Motinagar Hyderabad branch makes the system almost error free and faster. Use of Vijaya Bank MICR codes for Motinagar Hyderabad branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Vijaya Bank Motinagar Hyderabad

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 Motinagar Hyderabad 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. 500029021 is the MICR code of Vijaya Bank for Motinagar Hyderabad branch. MICR code for Motinagar Hyderabad 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 Motinagar Hyderabad is presented in the table alongside.

Use of Vijaya Bank MICR code for Motinagar Hyderabad branch in hyderabad

The MICR code 500029021 is used in RBI cheque clearing process to identify the branch Motinagar Hyderabad 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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