Vijaya Bank Virajpet Madikeri Karnataka MICR CODE

Find MICR Codes for Vijaya Bank Virajpet Madikeri Karnataka

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MICR Code
Bank Vijaya Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Virajpet Karnataka
Contact
Bank Details Vijaya Bank Virajpet Karnataka VIJB0001221
Location Virajpet, Madikeri
City Virajpet
District Madikeri
State Karnataka
Pincode 571218
Country IN
Address P b no 5, f m cariappa road, virajpet, kodagu,karnataka, 571218
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 Virajpet 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 0 of Vijaya Bank, Virajpet Karnataka branch makes the system almost error free and faster. Use of Vijaya Bank MICR codes for Virajpet Karnataka branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Vijaya Bank are available with micr code -

>>Polibetta Karnataka >>Virajpet Karnataka

MICR code for Vijaya Bank Virajpet 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 Virajpet 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. 0 is the MICR code of Vijaya Bank for Virajpet Karnataka branch. MICR code for Virajpet 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 Virajpet Karnataka is presented in the table alongside.

Use of Vijaya Bank MICR code for Virajpet Karnataka branch in virajpet

The MICR code 0 is used in RBI cheque clearing process to identify the branch Virajpet 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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