Vikas Bank Lingasuguru Raichur Karnataka MICR CODE

Find MICR Codes for Vikas Bank Lingasuguru Raichur Karnataka

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MICR Code
Bank Vikas Souharda Co-Operative Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Lingasuguru
Contact 8537-257440
Bank Details Vikas Souharda Co-Operative Bank Ltd Lingasuguru VSBA0000011
Location Lingasuguru, Raichur
City Lingasuguru
District Raichur
State Karnataka
Pincode
Country IN
Address Bengaluru byepass road,lingasugur
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 Lingasuguru 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 Vikash Souharda Bank, Lingasuguru branch makes the system almost error free and faster. Use of Vikash Souharda Bank MICR codes for Lingasuguru branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Vikas Souharda Co-Operative Bank Ltd are available with micr code -

>>Lingasuguru

MICR code for Vikas Bank Lingasuguru

Vikas Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Vikash Souharda Bank MICR code for Lingasuguru 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 Vikas Souharda Co-Operative Bank Ltd for Lingasuguru branch. MICR code for Lingasuguru 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 Vikash Souharda Bank Lingasuguru is presented in the table alongside.

Use of Vikash Souharda Bank MICR code for Lingasuguru branch in lingasuguru

The MICR code 0 is used in RBI cheque clearing process to identify the branch Lingasuguru and Vikash Souharda 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 Vikas Souharda Co-Operative Bank Ltd is typically in either of these two font’s: E-138 and CMC-7.

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