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Vijaya Bank Mangalore Dakshina Kannada Karnataka MICR CODE

Find MICR Codes for Vijaya Bank Mangalore Dakshina Kannada Karnataka

MICR Code
Bank Vijaya Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Hosabettu Karnataka
Contact Phone:0824 2407494
Bank Details Vijaya Bank Hosabettu Karnataka VIJB0001087
Location Mangalore, Dakshina Kannada
City Mangalore
District Dakshina Kannada
State Karnataka
Pincode 575026
Country IN
Address No 1087, sagarnidhi complex, main road, hosabettu, mangalore,karnataka, 575026
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 575029015 for Hosabettu Karnataka 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 575029015 of Vijaya Bank, Hosabettu Karnataka branch makes the system almost error free and faster. Use of Vijaya Bank MICR codes for Hosabettu Karnataka branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Vijaya Bank Hosabettu Karnataka

Vijaya Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Vijaya Bank MICR code for Hosabettu Karnataka 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. 575029015 is the MICR code of Vijaya Bank for Hosabettu Karnataka branch. MICR code for Hosabettu Karnataka 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 Vijaya Bank Hosabettu Karnataka is presented in the table alongside.

Use of Vijaya Bank MICR code for Hosabettu Karnataka branch in mangalore

The MICR code 575029015 is used in RBI cheque clearing process to identify the branch Hosabettu Karnataka and Vijaya 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 Vijaya Bank is typically in either of these two font’s: E-138 and CMC-7.