Karnataka Gramin Bank Bagalkote Konnur Karnataka MICR CODE

Find MICR Codes for Karnataka Gramin Bank Bagalkote Konnur Karnataka

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MICR Code
Bank Karnataka Gramin Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Konnur Bagalkot
Contact 8378-9480699427
Bank Details Karnataka Gramin Bank Konnur Bagalkot PKGB0013242
Location Bagalkote, Konnur
City Bagalkote
District Konnur
State Karnataka
Pincode 587301
Country IN
Address Jamkhandi tehsil, bagalkote district
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 Konnur Bagalkot 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 Gramin Bank, Konnur Bagalkot branch makes the system almost error free and faster. Use of Karnataka Gramin Bank MICR codes for Konnur Bagalkot branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Karnataka Gramin Bank are available with micr code -

>>Konnur Bagalkot

MICR code for Karnataka Gramin Bank Konnur Bagalkot

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

Use of Karnataka Gramin Bank MICR code for Konnur Bagalkot branch in bagalkote

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

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