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Karnataka Bank Na Panipat Haryana MICR CODE

Find MICR Codes for Karnataka Bank Na Panipat Haryana

MICR Code
Bank Karnataka Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Panipat
Contact
Bank Details Karnataka Bank Ltd Panipat KARB0000611
Location Na, Panipat
City Na
District Panipat
State Haryana
Pincode 132103
Country IN
Address Opp dayal velvet,near sanjay chowk,gt road,haryana state,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 132052002 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 132052002 of Karnataka Bank, Panipat branch makes the system almost error free and faster. Use of Karnataka 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 Karnataka Bank Ltd are available with micr code -

>>Panipat

MICR code for Karnataka Bank Panipat

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 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. 132052002 is the MICR code of Karnataka Bank 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 Karnataka Bank Panipat is presented in the table alongside.

Use of Karnataka Bank MICR code for Panipat branch in na

The MICR code 132052002 is used in RBI cheque clearing process to identify the branch Panipat 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.