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Karnataka Vikas Bank Hubli Dharwad Dharwad Karnataka MICR CODE

Find MICR Codes for Karnataka Vikas Bank Hubli Dharwad Dharwad Karnataka

MICR Code
Bank Karnataka Vikas Grameena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rayanal
Contact 8.3694806997e+012
Bank Details Karnataka Vikas Grameena Bank Rayanal KVGB0004121
Location Hubli Dharwad, Dharwad
City Hubli Dharwad
District Dharwad
State Karnataka
Pincode 580030
Country IN
Address Revana siddeshwara samsthana virakthamatha avarana, rayanal
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 Rayanal 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, Rayanal branch makes the system almost error free and faster. Use of Karnataka Grameena Bank MICR codes for Rayanal branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Karnataka Vikas Bank Rayanal

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 Rayanal 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 Rayanal branch. MICR code for Rayanal 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 Rayanal is presented in the table alongside.

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

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