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Karnataka Bank Chara Chara Karnataka MICR CODE

Find MICR Codes for Karnataka Bank Chara Chara Karnataka

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	Karnataka Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Chara Gp
Contact	0
Bank Details	Karnataka Bank Ltd Chara Gp KARB0000178

Location	Chara, Chara
City	Chara
District	Chara
State	Karnataka
Pincode	576112
Country	IN
Address	Sri mathaji, market road, near lions circle,via hebri, chara village & gp-576112, karkala taluk

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 Chara Gp 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, Chara Gp branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Chara Gp branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Chara Gp

MICR code for Karnataka Bank Chara Gp

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 Chara Gp 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 Chara Gp branch. MICR code for Chara Gp 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 Chara Gp is presented in the table alongside.

Use of Karnataka Bank MICR code for Chara Gp branch in chara

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