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

Selected Bank + -

  

Selected State + -

Goa
  

Selected District + -

  

Selected City + -

  

Selected Branch + -

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

Find MICR Codes for Karnataka Bank

MICR Code: 403052004
Bank: Karnataka Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Margao Goa
Contact:
Bank Details: Karnataka Bank Ltd Margao Goa KARB0000490
Location: Margoa, North Goa
City: Margoa
District: North Goa
State: Goa
Pincode: 403601
Country: IN
Address: Mabai hotel bldg,opp municipal garden,pb 294,margoa 403601,goa

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 1 branches of Karnataka Bank Ltd are available with micr code

>>Margao Goa

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 margoa

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.