Karnataka Bank Shivamogga Shivamogga Karnataka MICR CODE

Find MICR Codes for Karnataka Bank Shivamogga Shivamogga Karnataka

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MICR Code
Bank Karnataka Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mathimanearamanekoppa Gp
Contact
Bank Details Karnataka Bank Ltd Mathimanearamanekoppa Gp KARB0000984
Location Shivamogga, Shivamogga
City Shivamogga
District Shivamogga
State Karnataka
Pincode 577425
Country IN
Address Laxmi complex, shivamogga kollur road, mathimane-577425, aramanekoppa gp, hosanagara taluk
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 Mathimanearamanekoppa Gp 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, Mathimanearamanekoppa Gp branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Mathimanearamanekoppa Gp branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Karnataka Bank Ltd are available with micr code -

>>Koralahalli >>Mathimanearamanekoppa Gp >>Shivamogga Gopala Extension >>Shivamoggan.T.Road

MICR code for Karnataka Bank Mathimanearamanekoppa Gp

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 Mathimanearamanekoppa Gp 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 Mathimanearamanekoppa Gp branch. MICR code for Mathimanearamanekoppa Gp 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 Mathimanearamanekoppa Gp is presented in the table alongside.

Use of Karnataka Bank MICR code for Mathimanearamanekoppa Gp branch in shivamogga

The MICR code 0 is used in RBI cheque clearing process to identify the branch Mathimanearamanekoppa Gp 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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