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Karur Vysya Bank Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for Karur Vysya Bank Madurai Madurai Tamil Nadu

MICR Code
Bank Karur Vysya Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Madurai South
Contact 24/7 Phone Helpline - 1860 200 1916, Website - Www.Kvb.Co.In
Bank Details Karur Vysya Bank Madurai South KVBL0001161
Location Madurai, Madurai
City Madurai
District Madurai
State Tamil Nadu
Pincode 625001
Country IN
Address P.b. No. 174 159 south masi street,,madurai-625001
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 625053003 for Madurai South 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 625053003 of Karur Bank, Madurai South branch makes the system almost error free and faster. Use of Karur Bank MICR codes for Madurai South branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Karur Vysya Bank Madurai South

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 Madurai South 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. 625053003 is the MICR code of KVB for Madurai South branch. MICR code for Madurai South 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 Madurai South is presented in the table alongside.

Use of Karur Bank MICR code for Madurai South branch in madurai

The MICR code 625053003 is used in RBI cheque clearing process to identify the branch Madurai South 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.