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Karnataka Bank Gadag Lakshmeshwar Karnataka MICR CODE

Find MICR Codes for Karnataka Bank Gadag Lakshmeshwar Karnataka

Bank
State
District
City
Branch
Address

MICR Code	582052504
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	Lakshmeshwar
Contact	233970
Bank Details	Karnataka Bank Ltd Lakshmeshwar KARB0000631

Location	Gadag, Lakshmeshwar
City	Gadag
District	Lakshmeshwar
State	Karnataka
Pincode	582116
Country	IN
Address	D.no.5307/b/1b,bus stand road,lakshmeshwar,shirahatti 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 582052504 for Lakshmeshwar 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 582052504 of Karnataka Bank, Lakshmeshwar branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Lakshmeshwar 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 -

>>Lakshmeshwar

MICR code for Karnataka Bank Lakshmeshwar

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 Lakshmeshwar 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. 582052504 is the MICR code of Karnataka Bank for Lakshmeshwar branch. MICR code for Lakshmeshwar 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 Lakshmeshwar is presented in the table alongside.

Use of Karnataka Bank MICR code for Lakshmeshwar branch in gadag

The MICR code 582052504 is used in RBI cheque clearing process to identify the branch Lakshmeshwar 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.