Karnataka Gramin Bank Gadag Savadi Karnataka MICR CODE

Find MICR Codes for Karnataka Gramin Bank Gadag Savadi 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	Sawadi
Contact	8378-9480699185
Bank Details	Karnataka Gramin Bank Sawadi PKGB0013024

Location	Gadag, Savadi
City	Gadag
District	Savadi
State	Karnataka
Pincode	582103
Country	IN
Address	Ron tehsil, gadag 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 Sawadi 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, Sawadi branch makes the system almost error free and faster. Use of Karnataka Gramin Bank MICR codes for Sawadi 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 -

>>Sawadi

MICR code for Karnataka Gramin Bank Sawadi

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 Sawadi 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 Sawadi branch. MICR code for Sawadi 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 Sawadi is presented in the table alongside.

Use of Karnataka Gramin Bank MICR code for Sawadi branch in gadag

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