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Karnataka Vikas Bank Hubli Dharwad Dharwad Karnataka MICR CODE

Find MICR Codes for Karnataka Vikas Bank Hubli Dharwad Dharwad Karnataka

Bank Karnataka Vikas Grameena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Head Office
Contact 9480699079
Bank Details Karnataka Vikas Grameena Bank Head Office KVGB0000001
Location Hubli Dharwad, Dharwad
City Hubli Dharwad
District Dharwad
State Karnataka
Pincode 580008
Country IN
Address Karnataka vikas grameena bank head office building,belgaum road dharwad-580008
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 Head Office 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 Karnataka Grameena Bank, Head Office branch makes the system almost error free and faster. Use of Karnataka Grameena Bank MICR codes for Head Office branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Karnataka Vikas Bank Head Office

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 Head Office 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 KVG Bank for Head Office branch. MICR code for Head Office 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 Head Office is presented in the table alongside.

Use of Karnataka Grameena Bank MICR code for Head Office branch in hubli dharwad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Head Office 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.