Karnataka Gramin Bank Dharwad Navanagar Karnataka MICR CODE

Find MICR Codes for Karnataka Gramin Bank Dharwad Navanagar Karnataka

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MICR Code
Bank Karnataka Gramin Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Navanagar Dharwad
Contact 8378-9480699136
Bank Details Karnataka Gramin Bank Navanagar Dharwad PKGB0013200
Location Dharwad, Navanagar
City Dharwad
District Navanagar
State Karnataka
Pincode 580020
Country IN
Address Hubballi 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 Navanagar Dharwad 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, Navanagar Dharwad branch makes the system almost error free and faster. Use of Karnataka Gramin Bank MICR codes for Navanagar Dharwad 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 -

>>Navanagar Dharwad

MICR code for Karnataka Gramin Bank Navanagar Dharwad

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 Navanagar Dharwad 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 Navanagar Dharwad branch. MICR code for Navanagar Dharwad 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 Navanagar Dharwad is presented in the table alongside.

Use of Karnataka Gramin Bank MICR code for Navanagar Dharwad branch in dharwad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Navanagar Dharwad 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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