Vijaya Bank Hubli Dharwad Dharwad Karnataka MICR CODE

Find MICR Codes for Vijaya Bank Hubli Dharwad Dharwad Karnataka

↻ Reload
MICR Code
Bank Vijaya Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch S M E Hubli
Contact Phone: 0836 2334454
Bank Details Vijaya Bank S M E Hubli VIJB0001391
Location Hubli Dharwad, Dharwad
City Hubli Dharwad
District Dharwad
State Karnataka
Pincode 580030
Country IN
Address Shop no: 1,2,3& 4, akshay complex,gokul road,hubli,karnataka, 580030
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 580029006 for S M E Hubli 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 580029006 of Vijaya Bank, S M E Hubli branch makes the system almost error free and faster. Use of Vijaya Bank MICR codes for S M E Hubli branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Vijaya Bank S M E Hubli

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 S M E Hubli 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. 580029006 is the MICR code of Vijaya Bank for S M E Hubli branch. MICR code for S M E Hubli 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 S M E Hubli is presented in the table alongside.

Use of Vijaya Bank MICR code for S M E Hubli branch in hubli dharwad

The MICR code 580029006 is used in RBI cheque clearing process to identify the branch S M E Hubli 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.

Copied!