Karnataka Bank Raigad Navi Mumbai Maharashtra MICR CODE

Find MICR Codes for Karnataka Bank Raigad Navi Mumbai Maharashtra

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MICR Code
Bank Karnataka Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Navi Mumbai Kamothe
Contact 0
Bank Details Karnataka Bank Ltd Navi Mumbai Kamothe KARB0000596
Location Raigad, Navi Mumbai
City Raigad
District Navi Mumbai
State Maharashtra
Pincode 410209
Country IN
Address Shop no 1 & 2, plot no 7, shivaprakash celebration, sector no 11, kamothe, navi mumbai 410209, panvel 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 Navi Mumbai Kamothe 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, Navi Mumbai Kamothe branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Navi Mumbai Kamothe 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 -

>>Navi Mumbai Kamothe

MICR code for Karnataka Bank Navi Mumbai Kamothe

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 Navi Mumbai Kamothe 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 Navi Mumbai Kamothe branch. MICR code for Navi Mumbai Kamothe 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 Navi Mumbai Kamothe is presented in the table alongside.

Use of Karnataka Bank MICR code for Navi Mumbai Kamothe branch in raigad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Navi Mumbai Kamothe 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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