Karnataka Bank Mudhol Bagalkot Karnataka MICR CODE

Find MICR Codes for Karnataka Bank Mudhol Bagalkot Karnataka

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MICR Code
Bank Karnataka Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mudhol
Contact
Bank Details Karnataka Bank Ltd Mudhol KARB0000528
Location Mudhol, Bagalkot
City Mudhol
District Bagalkot
State Karnataka
Pincode 587313
Country IN
Address Ground floor, ranna circle, lokapur road, mudhol - 587313.
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 587052502 for Mudhol 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 587052502 of Karnataka Bank, Mudhol branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Mudhol 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 -

>>Gulgal Jambagi Village >>Mudhol

MICR code for Karnataka Bank Mudhol

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 Mudhol 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. 587052502 is the MICR code of Karnataka Bank for Mudhol branch. MICR code for Mudhol 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 Mudhol is presented in the table alongside.

Use of Karnataka Bank MICR code for Mudhol branch in mudhol

The MICR code 587052502 is used in RBI cheque clearing process to identify the branch Mudhol 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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