Vijaya Bank Bangalore Bangalore Karnataka MICR CODE

Find MICR Codes for Vijaya Bank Bangalore Bangalore Karnataka

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MICR Code
Bank Vijaya Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Oxford School
Contact 22-1800223344
Bank Details Vijaya Bank Oxford School VIJB0001410
Location Bangalore, Bangalore
City Bangalore
District Bangalore
State Karnataka
Pincode 560001
Country IN
Address Oxford school branch oxford school campus10th cross j p nagar 560078
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 560029072 for Oxford School 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 560029072 of Vijaya Bank, Oxford School branch makes the system almost error free and faster. Use of Vijaya Bank MICR codes for Oxford School branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Vijaya Bank Oxford School

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 Oxford School 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. 560029072 is the MICR code of Vijaya Bank for Oxford School branch. MICR code for Oxford School 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 Oxford School is presented in the table alongside.

Use of Vijaya Bank MICR code for Oxford School branch in bangalore

The MICR code 560029072 is used in RBI cheque clearing process to identify the branch Oxford School 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.

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