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Karnataka Bank Kollegala Chamarajanagar Karnataka MICR CODE

Find MICR Codes for Karnataka Bank Kollegala Chamarajanagar Karnataka

Bank
State
District
City
Branch
Address

MICR Code	571052452
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	Kollegala
Contact	9480895380
Bank Details	Karnataka Bank Ltd Kollegala KARB0000395

Location	Kollegala, Chamarajanagar
City	Kollegala
District	Chamarajanagar
State	Karnataka
Pincode	571440
Country	IN
Address	D.no.7-454, dr.rajkumar road,southern extension, kollegala - 571440, kollegala 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 571052452 for Kollegala 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 571052452 of Karnataka Bank, Kollegala branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Kollegala 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 -

>>Kollegala

MICR code for Karnataka Bank Kollegala

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 Kollegala 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. 571052452 is the MICR code of Karnataka Bank for Kollegala branch. MICR code for Kollegala 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 Kollegala is presented in the table alongside.

Use of Karnataka Bank MICR code for Kollegala branch in kollegala

The MICR code 571052452 is used in RBI cheque clearing process to identify the branch Kollegala 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.