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Karur Vysya Bank Alwar Bhiwadi Rajasthan MICR CODE

Find MICR Codes for Karur Vysya Bank Alwar Bhiwadi Rajasthan

MICR Code
Bank Karur Vysya Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bhiwadi
Contact 22665914
Bank Details Karur Vysya Bank Bhiwadi KVBL0004503
Location Alwar, Bhiwadi
City Alwar
District Bhiwadi
State Rajasthan
Pincode 301019
Country IN
Address A-100-103 and 118-121 industrial area riico chowk bhiwadi alwar rajasthan 301019
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 Bhiwadi 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 Karur Bank, Bhiwadi branch makes the system almost error free and faster. Use of Karur Bank MICR codes for Bhiwadi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Karur Vysya Bank are available with micr code -

>>Bhiwadi

MICR code for Karur Vysya Bank Bhiwadi

Karur Vysya Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Karur Bank MICR code for Bhiwadi 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 KVB for Bhiwadi branch. MICR code for Bhiwadi 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 Karur Bank Bhiwadi is presented in the table alongside.

Use of Karur Bank MICR code for Bhiwadi branch in alwar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Bhiwadi and Karur 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 KVB is typically in either of these two font’s: E-138 and CMC-7.