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Karnataka Vikas Bank Badami Bagalkote Karnataka MICR CODE

Find MICR Codes for Karnataka Vikas Bank Badami Bagalkote Karnataka

Bank Karnataka Vikas Grameena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Badami
Contact 9480699402
Bank Details Karnataka Vikas Grameena Bank Badami KVGB0001001
Location Badami, Bagalkote
City Badami
District Bagalkote
State Karnataka
Pincode 587201
Country IN
Address Badami branch near bus-stand   badami- 587 201 dist: bagalkot
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 587483501 for Badami 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 587483501 of Karnataka Grameena Bank, Badami branch makes the system almost error free and faster. Use of Karnataka Grameena Bank MICR codes for Badami 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 Badami

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 Badami 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. 587483501 is the MICR code of KVG Bank for Badami branch. MICR code for Badami 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 Badami is presented in the table alongside.

Use of Karnataka Grameena Bank MICR code for Badami branch in badami

The MICR code 587483501 is used in RBI cheque clearing process to identify the branch Badami 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.