Karur Vysya Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Karur Vysya Bank Chennai Chennai Tamil Nadu

Bank
State
District
City
Branch
Address
MICR Code: 600053003
Bank: Karur Vysya Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: International Division
Contact: 24/7 Phone Helpline - 1860 200 1916, Website - Www.Kvb.Co.In
Bank Details: Karur Vysya Bank International Division KVBL0001103
Location: Chennai, Chennai
City: Chennai
District: Chennai
State: Tamil Nadu
Pincode: 600018
Country: IN
Address: The Karur Vysya Bank Ltd, Chennai International Division,Kvb Towers Ii Floor,568 Anna Salai Teynampet,Chennai-600018
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 600053003 for International Division 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 600053003 of Karur Bank, International Division branch makes the system almost error free and faster. Use of Karur Bank MICR codes for International Division branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Karur Vysya Bank International Division

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 International Division 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. 600053003 is the MICR code of Kvb for International Division branch. MICR code for International Division 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 International Division is presented in the table alongside.

Use of Karur Bank MICR code for International Division branch in chennai

The MICR code 600053003 is used in RBI cheque clearing process to identify the branch International Division 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.

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