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Karnataka Bank Goa North Goa Goa MICR CODE

Find MICR Codes for Karnataka Bank Goa North Goa Goa

Bank Karnataka Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Goa Ponda
Bank Details Karnataka Bank Ltd Goa Ponda KARB0000263
Location Goa, North Goa
City Goa
District North Goa
State Goa
Country IN
Address Hotel menino building, belgaum ponda roadponda
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 403052006 for Goa Ponda 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 403052006 of Karnataka Bank, Goa Ponda branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Goa Ponda branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Karnataka Bank Ltd are available with micr code -

>>Alto Betim Goa >>Goa Ponda

MICR code for Karnataka Bank Goa Ponda

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 Goa Ponda 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. 403052006 is the MICR code of Karnataka Bank for Goa Ponda branch. MICR code for Goa Ponda 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 Goa Ponda is presented in the table alongside.

Use of Karnataka Bank MICR code for Goa Ponda branch in goa

The MICR code 403052006 is used in RBI cheque clearing process to identify the branch Goa Ponda 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.