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Karur Vysya Bank Panipat Panipat Haryana MICR CODE

Find MICR Codes for Karur Vysya Bank Panipat Panipat Haryana

Bank
State
District
City
Branch
Address

MICR Code	132053002
Bank	Karur Vysya Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Panipat
Contact	24/7 Phone Helpline - 1860 200 1916, Website - Www.Kvb.Co.In
Bank Details	Karur Vysya Bank Panipat KVBL0004203

Location	Panipat, Panipat
City	Panipat
District	Panipat
State	Haryana
Pincode	132103
Country	IN
Address	No 932 - 935 ward no 8 city centre g t karnal main road opp ib college panipet 132103

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 132053002 for Panipat 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 132053002 of Karur Bank, Panipat branch makes the system almost error free and faster. Use of Karur Bank MICR codes for Panipat branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Karur Vysya Bank are available with micr code -

>>Panipat

MICR code for Karur Vysya Bank Panipat

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 Panipat 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. 132053002 is the MICR code of KVB for Panipat branch. MICR code for Panipat 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 Panipat is presented in the table alongside.

Use of Karur Bank MICR code for Panipat branch in panipat

The MICR code 132053002 is used in RBI cheque clearing process to identify the branch Panipat 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.