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Karnataka Bank Durg Chattisgarh Chhattisgarh MICR CODE

Find MICR Codes for Karnataka Bank Durg Chattisgarh Chhattisgarh

Bank
State
District
City
Branch
Address

MICR Code	491052002
Bank	Karnataka Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Durg
Contact	Durg
Bank Details	Karnataka Bank Ltd Durg KARB0000204

Location	Durg, Chattisgarh
City	Durg
District	Chattisgarh
State	Chhattisgarh
Pincode	491001
Country	IN
Address	Ground floor, "join hand", station road, durg - 491001, chhattisgarh

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 491052002 for Durg 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 491052002 of Karnataka Bank, Durg branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Durg 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 -

>>Durg

MICR code for Karnataka Bank Durg

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 Durg 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. 491052002 is the MICR code of Karnataka Bank for Durg branch. MICR code for Durg 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 Durg is presented in the table alongside.

Use of Karnataka Bank MICR code for Durg branch in durg

The MICR code 491052002 is used in RBI cheque clearing process to identify the branch Durg 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.