Karnataka Bank Chintamani Kolar Karnataka MICR CODE

Find MICR Codes for Karnataka Bank Chintamani Kolar Karnataka

MICR Code
Bank Karnataka Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chintamani
Contact
Bank Details Karnataka Bank Ltd Chintamani KARB0000142
Location Chintamani, Kolar
City Chintamani
District Kolar
State Karnataka
Pincode 563125
Country IN
Address Sri vidya ganapathi temple,trust bldg,old busstand,pb4,chintamani 563125,kolar 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 Chintamani 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, Chintamani branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Chintamani 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 -

>>Chintamani

MICR code for Karnataka Bank Chintamani

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

Use of Karnataka Bank MICR code for Chintamani branch in chintamani

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