Karnataka Gramin Bank Dharwad Muttagi Karnataka MICR CODE

Find MICR Codes for Karnataka Gramin Bank Dharwad Muttagi Karnataka

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MICR Code	-NA-
Bank	Karnataka Gramin Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Muttagi Kumta
Contact	8378-9480699132
Bank Details	Karnataka Gramin Bank Muttagi Kumta PKGB0013328

Location	Dharwad, Muttagi
City	Dharwad
District	Muttagi
State	Karnataka
Pincode
Country	IN
Address	Kalghatgi tehsil, dharwad 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 Muttagi Kumta 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, Muttagi Kumta branch makes the system almost error free and faster. Use of Karnataka Gramin Bank MICR codes for Muttagi Kumta 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 -

>>Muttagi Kumta

MICR code for Karnataka Gramin Bank Muttagi Kumta

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 Muttagi Kumta 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 Muttagi Kumta branch. MICR code for Muttagi Kumta 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 Muttagi Kumta is presented in the table alongside.

Use of Karnataka Gramin Bank MICR code for Muttagi Kumta branch in dharwad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Muttagi Kumta 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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