MICR Code Bank
Find MICR code for Karnataka Bank branches in India for NEFT and RTGS transfer

Karnataka Bank MICR CODE

Find MICR Codes for Karnataka Bank

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  1. Karnataka Bank Ltd »
  2. Goa »
  3. north goa »
  4. goa »
  5. goa ponda

Find MICR Codes for Karnataka Bank

MICR Code: 403052006
Bank: Karnataka Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Goa Ponda
Contact:
Bank Details: Karnataka Bank Ltd Goa Ponda KARB0000263
Location: Goa, North Goa
City: Goa
District: North Goa
State: Goa
Pincode:
Country: IN
Address: Hotel menino building, belgaum ponda roadponda

How does MICR code for 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 of Karnataka Bank, branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Karnataka Bank Ltd are available with micr code

>>Alto Betim Goa >>Goa Ponda

MICR code for Karnataka Bank

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

Use of Karnataka Bank MICR code for branch in goa

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