Karnataka Bank Na Bijapur Karnataka MICR CODE

Find MICR Codes for Karnataka Bank Na Bijapur Karnataka

Bank
State
District
City
Branch
Address
MICR Code: -NA-
Bank: Karnataka Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Almel
Contact:
Bank Details: Karnataka Bank Ltd Almel KARB0000005
Location: Na, Bijapur
City: Na
District: Bijapur
State: Karnataka
Pincode: 586202
Country: IN
Address: Ss Gundagi Bldg Main Road Almel 586202 Bijapur Dist
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 Almel 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 Karnataka Bank, Almel branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Almel branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Karnataka Bank Ltd are available with micr code -

>>Almel >>Talikoti

MICR code for Karnataka Bank Almel

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

Use of Karnataka Bank MICR code for Almel branch in na

The MICR code 0 is used in RBI cheque clearing process to identify the branch Almel and Karnataka 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 Karnataka Bank is typically in either of these two font’s: E-138 and CMC-7.

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