Karnataka Bank Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for Karnataka Bank Nagpur Nagpur Maharashtra

MICR Code
Bank Karnataka Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nagpur Maharastra
Contact
Bank Details Karnataka Bank Ltd Nagpur Maharastra KARB0000541
Location Nagpur, Nagpur
City Nagpur
District Nagpur
State Maharashtra
Pincode 440010
Country IN
Address Jaishree, 365a, 1st floor, near lad college square, gandhi nagar, nagpur 440010
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 440052002 for Nagpur Maharastra 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 440052002 of Karnataka Bank, Nagpur Maharastra branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Nagpur Maharastra branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Nagpur Maharastra

MICR code for Karnataka Bank Nagpur Maharastra

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 Nagpur Maharastra 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. 440052002 is the MICR code of Karnataka Bank for Nagpur Maharastra branch. MICR code for Nagpur Maharastra 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 Nagpur Maharastra is presented in the table alongside.

Use of Karnataka Bank MICR code for Nagpur Maharastra branch in nagpur

The MICR code 440052002 is used in RBI cheque clearing process to identify the branch Nagpur Maharastra 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.

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