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Karnataka Bank Sanguem North Goa Goa MICR CODE

Find MICR Codes for Karnataka Bank Sanguem North Goa Goa

MICR Code
Bank Karnataka Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sanguem Goa
Contact
Bank Details Karnataka Bank Ltd Sanguem Goa KARB0000718
Location Sanguem, North Goa
City Sanguem
District North Goa
State Goa
Pincode 403704
Country IN
Address Morajkar s building,behind our lady of miracles church,sanguem goa 403704
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 403052005 for Sanguem Goa 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 403052005 of Karnataka Bank, Sanguem Goa branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Sanguem Goa 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 -

>>Sanguem Goa

MICR code for Karnataka Bank Sanguem Goa

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 Sanguem Goa 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. 403052005 is the MICR code of Karnataka Bank for Sanguem Goa branch. MICR code for Sanguem Goa 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 Sanguem Goa is presented in the table alongside.

Use of Karnataka Bank MICR code for Sanguem Goa branch in sanguem

The MICR code 403052005 is used in RBI cheque clearing process to identify the branch Sanguem Goa 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.