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Sir M Visvesvaraya Co Operative Bank Ltd Bangalore Bangalore Karnataka MICR CODE

Find MICR Codes for Sir M Visvesvaraya Co Operative Bank Ltd Bangalore Bangalore Karnataka

MICR Code
Bank Sir M Visvesvaraya Co Operative Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rajarajeswari Nagar Branch
Contact 8022956421
Bank Details Sir M Visvesvaraya Co Operative Bank Limited Rajarajeswari Nagar Branch MVCB0000011
Location Bangalore, Bangalore
City Bangalore
District Bangalore
State Karnataka
Pincode 560098
Country IN
Address 1, beml3rdstage, bemllayout, rajajeswarinagar, bangalore-560098
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 Rajarajeswari Nagar Branch 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 Sir M Visvesvaraya Co-Operative Bank Ltd, Rajarajeswari Nagar Branch branch makes the system almost error free and faster. Use of Sir M Visvesvaraya Co-Operative Bank Ltd MICR codes for Rajarajeswari Nagar Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Sir M Visvesvaraya Co Operative Bank Ltd Rajarajeswari Nagar Branch

Sir M Visvesvaraya Co Operative Bank Ltd MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Sir M Visvesvaraya Co-Operative Bank Ltd MICR code for Rajarajeswari Nagar Branch 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 Sir M Visvesvaraya Co Operative Bank Ltd for Rajarajeswari Nagar Branch branch. MICR code for Rajarajeswari Nagar Branch 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 Sir M Visvesvaraya Co-Operative Bank Ltd Rajarajeswari Nagar Branch is presented in the table alongside.

Use of Sir M Visvesvaraya Co-Operative Bank Ltd MICR code for Rajarajeswari Nagar Branch branch in bangalore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Rajarajeswari Nagar Branch and Sir M Visvesvaraya Co-Operative Bank Ltd 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 Sir M Visvesvaraya Co Operative Bank Ltd is typically in either of these two font’s: E-138 and CMC-7.