Vikas Bank Hosapete Vijayanagar Karnataka MICR CODE

Find MICR Codes for Vikas Bank Hosapete Vijayanagar 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 Rtgsho
Contact 8394-229771
Bank Details Vikas Souharda Co-Operative Bank Ltd Rtgsho VSBA0000001
Location Hosapete, Vijayanagar
City Hosapete
District Vijayanagar
State Karnataka
Pincode 583201
Country IN
Address Station road,hosapete - 583 201
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 Rtgsho 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, Rtgsho branch makes the system almost error free and faster. Use of Vikash Souharda Bank MICR codes for Rtgsho branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Vikas Souharda Co-Operative Bank Ltd are available with micr code -

>>Rtgsho >>Service Branch

MICR code for Vikas Bank Rtgsho

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 Rtgsho 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 Rtgsho branch. MICR code for Rtgsho 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 Rtgsho is presented in the table alongside.

Use of Vikash Souharda Bank MICR code for Rtgsho branch in hosapete

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