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Karnataka Bank Bantwal Dakshina Kannada Karnataka MICR CODE

Find MICR Codes for Karnataka Bank Bantwal Dakshina Kannada Karnataka

MICR Code
Bank Karnataka Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Manchi
Contact
Bank Details Karnataka Bank Ltd Manchi KARB0000465
Location Bantwal, Dakshina Kannada
City Bantwal
District Dakshina Kannada
State Karnataka
Pincode 574323
Country IN
Address 2 50,main road,manchi katte, bantwal taluk 574323
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 0 for Manchi 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 0 of Karnataka Bank, Manchi branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Manchi 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 -

>>Bc Road Bantwal Muda >>Manchi

MICR code for Karnataka Bank Manchi

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 Manchi 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. 0 is the MICR code of Karnataka Bank for Manchi branch. MICR code for Manchi 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 Manchi is presented in the table alongside.

Use of Karnataka Bank MICR code for Manchi branch in bantwal

The MICR code 0 is used in RBI cheque clearing process to identify the branch Manchi 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.