Vijaya Bank Sagar Shimoga Karnataka MICR CODE

Find MICR Codes for Vijaya Bank Sagar Shimoga Karnataka

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MICR Code	-NA-
Bank	Vijaya Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Sagar Shimoga Dist
Contact
Bank Details	Vijaya Bank Sagar Shimoga Dist VIJB0001429

Location	Sagar, Shimoga
City	Sagar
District	Shimoga
State	Karnataka
Pincode	577401
Country	IN
Address	H.k.h complex, ashoka road,sagar,shimoga dist 577401

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 0 for Sagar Shimoga Dist 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 0 of Vijaya Bank, Sagar Shimoga Dist branch makes the system almost error free and faster. Use of Vijaya Bank MICR codes for Sagar Shimoga Dist 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 -

>>Sagar Shimoga Dist

MICR code for Vijaya Bank Sagar Shimoga Dist

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 Sagar Shimoga Dist 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. 0 is the MICR code of Vijaya Bank for Sagar Shimoga Dist branch. MICR code for Sagar Shimoga Dist 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 Sagar Shimoga Dist is presented in the table alongside.

Use of Vijaya Bank MICR code for Sagar Shimoga Dist branch in sagar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Sagar Shimoga Dist 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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