Karnataka Bank Mumbai Raigad Maharashtra MICR CODE

Find MICR Codes for Karnataka Bank Mumbai Raigad Maharashtra

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MICR Code
Bank Karnataka Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Panvel
Contact (mob) 7738834333
Bank Details Karnataka Bank Ltd Panvel KARB0000615
Location Mumbai, Raigad
City Mumbai
District Raigad
State Maharashtra
Pincode 410206
Country IN
Address Ground floor, mtnl building, near shivaji chowk, panvel - 410206
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 raigad

You can search through MICR Codes of Maharashtra branches in mumbai of District raigad in Maharashtra 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 -

>>Panvel

How to find MICR codes for Karnataka Bank in mumbai?

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

Karnataka Bank MICR code in mumbai

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