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Karnataka Bank Margoa North Goa Goa MICR CODE

Find MICR Codes for Karnataka Bank Margoa North Goa Goa

MICR Code
Bank Karnataka Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Margao Goa
Contact
Bank Details Karnataka Bank Ltd Margao Goa KARB0000490
Location Margoa, North Goa
City Margoa
District North Goa
State Goa
Pincode 403601
Country IN
Address Mabai hotel bldg,opp municipal garden,pb 294,margoa 403601,goa
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 north goa

You can search through MICR Codes of Goa branches in margoa of District north goa in Goa State by using the search box or you can browse through the table using the conrols at the bottom.

Karnataka Bank Ltd branches with micr codes are available in 4 cities-

>>Goa >>Margoa >>Panjim >>Sanguem

How to find MICR codes for Karnataka Bank in margoa?

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

Karnataka Bank MICR code in margoa

Karnataka Bank MICR code is a character recognition technology used by banks in the processing of cheques. Karnataka Bank MICR code for margoa 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 margoa, 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 margoa 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 margoa 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 margoa branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Karnataka Bank MICR codes for margoa branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!