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Karur Vysya Bank Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for Karur Vysya Bank Madurai Madurai Tamil Nadu

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	Karur Vysya Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Business Banking Unit Madurai
Contact
Bank Details	Karur Vysya Bank Business Banking Unit Madurai KVBL0001896

Location	Madurai, Madurai
City	Madurai
District	Madurai
State	Tamil Nadu
Pincode	625016
Country	IN
Address	Gayathri illam i floor no 16 a a road gnanaolivupuram madurai 625016

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 Business Banking Unit Madurai 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 Karur Bank, Business Banking Unit Madurai branch makes the system almost error free and faster. Use of Karur Bank MICR codes for Business Banking Unit Madurai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 27 branches of Karur Vysya Bank are available with micr code -

>>Asset Recovery Branchmadurai >>Ayyankottai >>Business Banking Unit Madurai >>Coimbatore Avinashi Road >>Corporate Business Unitmadurai >>Kvb Smart Madurai >>Madurai Anna Nagar >>Madurai Bibikulam >>Madurai Cco >>Madurai Do >>Madurai Gnanaolivupuram >>Madurai K.K Nagar >>Madurai K.Pudur >>Madurai Kamarajar Salai >>Madurai Kosakulam >>Madurai Main >>Madurai North >>Madurai Palanganatham >>Madurai South >>Madurai Tallakulam >>Madurai Thirumangalam >>Madurai Villapuram >>Maduraimattuthavani >>Pothumbu >>Thenur >>Thirunagar >>Usilampatti

MICR code for Karur Vysya Bank Business Banking Unit Madurai

Karur Vysya Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Karur Bank MICR code for Business Banking Unit Madurai 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 KVB for Business Banking Unit Madurai branch. MICR code for Business Banking Unit Madurai 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 Karur Bank Business Banking Unit Madurai is presented in the table alongside.

Use of Karur Bank MICR code for Business Banking Unit Madurai branch in madurai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Business Banking Unit Madurai and Karur 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 KVB is typically in either of these two font’s: E-138 and CMC-7.