Karnataka Bank Mohali Rupnagar Punjab MICR CODE

Find MICR Codes for Karnataka Bank Mohali Rupnagar Punjab

MICR Code
Bank Karnataka Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mohali Punjab
Contact
Bank Details Karnataka Bank Ltd Mohali Punjab KARB0000503
Location Mohali, Rupnagar
City Mohali
District Rupnagar
State Punjab
Pincode 160059
Country IN
Address Scf 43,phase 3 b ii,sector 59,sas nagar,mohali 160059
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 rupnagar

You can search through MICR Codes of Punjab branches in mohali of District rupnagar in Punjab 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 -

>>Mohali Punjab

How to find MICR codes for Karnataka Bank in mohali?

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

Karnataka Bank MICR code in mohali

Karnataka Bank MICR code is a character recognition technology used by banks in the processing of cheques. Karnataka Bank MICR code for mohali 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 mohali, 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 mohali 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 mohali 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 mohali branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Karnataka Bank MICR codes for mohali 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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