Central Bank Belgaum Belgaum Karnataka MICR CODE

Find MICR Codes for Central Bank Belgaum Belgaum Karnataka

Bank
State
District
City
Branch
Address

MICR Code	590016003
Bank	Central Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bhagyanagar
Contact	Branch Manager / 0831-2467057 /
Bank Details	Central Bank Of India Bhagyanagar CBIN0283549

Location	Belgaum, Belgaum
City	Belgaum
District	Belgaum
State	Karnataka
Pincode	590001
Country	IN
Address	Anand residency, 2nd cross, belgaum-590001

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 590016003 for Bhagyanagar 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 590016003 of Central Bank Of India, Bhagyanagar branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Bhagyanagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Central Bank Of India are available with micr code -

>>Bhagyanagar >>Cantonment Board Belgaum >>Cantonment Board Campus >>Munvalli

MICR code for Central Bank Bhagyanagar

Central Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Central Bank Of India MICR code for Bhagyanagar 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. 590016003 is the MICR code of Central Bank India for Bhagyanagar branch. MICR code for Bhagyanagar 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 Central Bank Of India Bhagyanagar is presented in the table alongside.

Use of Central Bank Of India MICR code for Bhagyanagar branch in belgaum

The MICR code 590016003 is used in RBI cheque clearing process to identify the branch Bhagyanagar and Central Bank Of India 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 Central Bank India is typically in either of these two font’s: E-138 and CMC-7.

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