Karnataka Bank Mohali Rupnagar Punjab MICR CODE

Find MICR Codes for Karnataka Bank Mohali Rupnagar Punjab

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MICR Code	160052003
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	Mohali Punjab
Contact
Bank Details	Karnataka Bank Ltd Mohali Punjab KARB0000503

Location	Mohali, Rupnagar
City	Mohali
District	Rupnagar
State	Punjab
Pincode	160059
Country	IN
Address	Scf 43,phase 3 b ii,sector 59,sas nagar,mohali 160059

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 160052003 for Mohali Punjab 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 160052003 of Karnataka Bank, Mohali Punjab branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Mohali Punjab 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 -

>>Mohali Punjab

MICR code for Karnataka Bank Mohali Punjab

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 Mohali Punjab 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. 160052003 is the MICR code of Karnataka Bank for Mohali Punjab branch. MICR code for Mohali Punjab 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 Mohali Punjab is presented in the table alongside.

Use of Karnataka Bank MICR code for Mohali Punjab branch in mohali

The MICR code 160052003 is used in RBI cheque clearing process to identify the branch Mohali Punjab 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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