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Karnataka Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Karnataka Bank Mumbai Mumbai Maharashtra

MICR Code
Bank Karnataka Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Borivli West Mumbai
Contact
Bank Details Karnataka Bank Ltd Borivli West Mumbai KARB0000081
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400103
Country IN
Address Lic shopping complex, jeevan bima nagar, borivili w , po mandapeswar, mumbai 400103
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 400052003 for Borivli West Mumbai 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 400052003 of Karnataka Bank, Borivli West Mumbai branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Borivli West Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Karnataka Bank Borivli West Mumbai

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 Borivli West Mumbai 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. 400052003 is the MICR code of Karnataka Bank for Borivli West Mumbai branch. MICR code for Borivli West Mumbai 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 Borivli West Mumbai is presented in the table alongside.

Use of Karnataka Bank MICR code for Borivli West Mumbai branch in mumbai

The MICR code 400052003 is used in RBI cheque clearing process to identify the branch Borivli West Mumbai 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.