Karnataka Bank Na Davanagare Karnataka MICR CODE

Find MICR Codes for Karnataka Bank Na Davanagare Karnataka

MICR Code
Bank Karnataka Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Anaji
Contact
Bank Details Karnataka Bank Ltd Anaji KARB0000023
Location Na, Davanagare
City Na
District Davanagare
State Karnataka
Pincode 577512
Country IN
Address Gram panchayat bldg,main road,anaji-577512,davangere dist
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 Anaji 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 Bank, Anaji branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Anaji branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Karnataka Bank Ltd are available with micr code -

>>Anaji >>Belaguthi >>Kundur >>Malebennur >>Nyamathi >>Sasvehalli

MICR code for Karnataka Bank Anaji

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 Anaji 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 Bank for Anaji branch. MICR code for Anaji 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 Anaji is presented in the table alongside.

Use of Karnataka Bank MICR code for Anaji branch in na

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

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