Karnataka Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Karnataka Bank Pune Pune Maharashtra

MICR Code
Bank Karnataka Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Dhankawadi
Contact
Bank Details Karnataka Bank Ltd Dhankawadi KARB0000612
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411043
Country IN
Address Shop no. 7 to 11, rajdhani complex, next to shankar maharaj mutt, pune satara road, pune - 411043
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 411052004 for Dhankawadi 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 411052004 of Karnataka Bank, Dhankawadi branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Dhankawadi 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 -

>>Bavdhan Budruk >>Bavdhan Budruk >>Dhankawadi >>Hadapsar Pune >>Pune Main >>Punebaner

MICR code for Karnataka Bank Dhankawadi

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 Dhankawadi 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. 411052004 is the MICR code of Karnataka Bank for Dhankawadi branch. MICR code for Dhankawadi 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 Dhankawadi is presented in the table alongside.

Use of Karnataka Bank MICR code for Dhankawadi branch in pune

The MICR code 411052004 is used in RBI cheque clearing process to identify the branch Dhankawadi 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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