Karnataka Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Karnataka Bank Indore Indore Madhya Pradesh

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MICR Code	452052002
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	Indore Mp
Contact
Bank Details	Karnataka Bank Ltd Indore Mp KARB0000352

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode	452001
Country	IN
Address	8 by 2,ground floor,rafel towers,greater kailash road,old palasia,indore 452001,mp

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 452052002 for Indore Mp 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 452052002 of Karnataka Bank, Indore Mp branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Indore Mp 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 -

>>Indore Mp >>Indore Vijayanagar

MICR code for Karnataka Bank Indore Mp

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 Indore Mp 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. 452052002 is the MICR code of Karnataka Bank for Indore Mp branch. MICR code for Indore Mp 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 Indore Mp is presented in the table alongside.

Use of Karnataka Bank MICR code for Indore Mp branch in indore

The MICR code 452052002 is used in RBI cheque clearing process to identify the branch Indore Mp 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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