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Kaveri Grameena Bank Mysuru District570023 Mysuru Karnataka MICR CODE

Find MICR Codes for Kaveri Grameena Bank Mysuru District570023 Mysuru Karnataka

MICR Code
Bank Kaveri Grameena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ro Mysore
Contact
Bank Details Kaveri Grameena Bank Ro Mysore KGRB0000501
Location Mysuru District570023, Mysuru
City Mysuru District570023
District Mysuru
State Karnataka
Pincode
Country IN
Address Hig 976, shree chakravarthi complex,vivekananda main road,vivekananda circle
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 Ro Mysore 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 Kaveri Grameena Bank, Ro Mysore branch makes the system almost error free and faster. Use of Kaveri Grameena Bank MICR codes for Ro Mysore branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Kaveri Grameena Bank are available with micr code -

>>Ro Mysore

MICR code for Kaveri Grameena Bank Ro Mysore

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

Use of Kaveri Grameena Bank MICR code for Ro Mysore branch in mysuru district570023

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ro Mysore and Kaveri 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 Kaveri Grameena Bank is typically in either of these two font’s: E-138 and CMC-7.