Karnataka Bank Davangere Jigali Karnataka MICR CODE

Find MICR Codes for Karnataka Bank Davangere Jigali Karnataka

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MICR Code
Bank Karnataka Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jigali G P
Contact 0
Bank Details Karnataka Bank Ltd Jigali G P KARB0000374
Location Davangere, Jigali
City Davangere
District Jigali
State Karnataka
Pincode 577530
Country IN
Address Kh no 43 1,44 1 & 2, ground floor, jigali village & gp 577530, harihara taluk, davangere
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 0 for Jigali G P 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 0 of Karnataka Bank, Jigali G P branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Jigali G P 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 -

>>Jigali G P

MICR code for Karnataka Bank Jigali G P

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 Jigali G P 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. 0 is the MICR code of Karnataka Bank for Jigali G P branch. MICR code for Jigali G P 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 Jigali G P is presented in the table alongside.

Use of Karnataka Bank MICR code for Jigali G P branch in davangere

The MICR code 0 is used in RBI cheque clearing process to identify the branch Jigali G P 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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