Karnataka Bank Maddur Mandya Karnataka MICR CODE

Find MICR Codes for Karnataka Bank Maddur Mandya Karnataka

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MICR Code
Bank Karnataka Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Maddur
Contact
Bank Details Karnataka Bank Ltd Maddur KARB0000586
Location Maddur, Mandya
City Maddur
District Mandya
State Karnataka
Pincode 571428
Country IN
Address Ground floor, sri sarvashiva complex, beside mahaveera theatre, old m c road, maddur, 571428
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.

Search Karnataka Bank MICR Codes in mandya

You can search through MICR Codes of Karnataka branches in maddur of District mandya in Karnataka State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Karnataka Bank Ltd are available with micr code -

>>Maddur

How to find MICR codes for Karnataka Bank in maddur?

Karnataka Bank maddur MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Karnataka Bank MICR codes list for maddur, one can further search by branch name specified in the table. You can find MICR codes for all Karnataka Bank maddur branches.

Karnataka Bank MICR code in maddur

Karnataka Bank MICR code is a character recognition technology used by banks in the processing of cheques. Karnataka Bank MICR code for maddur branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Karnataka Bank branches in maddur, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Karnataka Bank MICR code for maddur branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Karnataka Bank maddur branch, sprinted 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. Thus MICR code for Karnataka Bank maddur branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Karnataka Bank MICR codes for maddur branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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