MICR Code Bank
Find MICR code for Karnataka Vikas Bank branches in India for NEFT and RTGS transfer

Karnataka Vikas Bank MICR CODE

Find MICR Codes for Karnataka Vikas Bank

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  1. Karnataka Vikas Grameena Bank »
  2. Karnataka »
  3. bagalkote »
  4. badami »
  5. anwal

Find MICR Codes for Karnataka Vikas Bank

MICR Code: 587483553
Bank: Karnataka Vikas Grameena Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Anwal
Contact: 9480699558
Bank Details: Karnataka Vikas Grameena Bank Anwal KVGB0001107
Location: Badami, Bagalkote
City: Badami
District: Bagalkote
State: Karnataka
Pincode: 587201
Country: IN
Address: Society bldg, anwal tq badami dt. Bagalkot

How does MICR code for 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 of Karnataka Grameena Bank, branch makes the system almost error free and faster. Use of Karnataka Grameena Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Karnataka Vikas Grameena Bank are available with micr code

>>Anwal >>Badami >>Kagalagomb

MICR code for Karnataka Vikas Bank

Karnataka Vikas Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Karnataka Grameena Bank MICR code for 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. is the MICR code of KVG Bank for branch. MICR code for 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 Karnataka Grameena Bank is presented in the table alongside.

Use of Karnataka Grameena Bank MICR code for branch in badami

The MICR code is used in RBI cheque clearing process to identify the branch and Karnataka Grameena 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 KVG Bank is typically in either of these two font’s: E-138 and CMC-7.