Karnataka Bank Nelamangala Bangalore Rural Karnataka MICR CODE

Find MICR Codes for Karnataka Bank Nelamangala Bangalore Rural Karnataka

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MICR Code
Bank Karnataka Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nelamangala
Contact
Bank Details Karnataka Bank Ltd Nelamangala KARB0000557
Location Nelamangala, Bangalore Rural
City Nelamangala
District Bangalore Rural
State Karnataka
Pincode 562123
Country IN
Address No. 5006/5011, 1st floor, lakshmi complex,subhash nagar, nelamangala, bangalore,karnatak
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 560052047 for Nelamangala 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 560052047 of Karnataka Bank, Nelamangala branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Nelamangala 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 -

>>Nelamangala

MICR code for Karnataka Bank Nelamangala

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 Nelamangala 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. 560052047 is the MICR code of Karnataka Bank for Nelamangala branch. MICR code for Nelamangala 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 Nelamangala is presented in the table alongside.

Use of Karnataka Bank MICR code for Nelamangala branch in nelamangala

The MICR code 560052047 is used in RBI cheque clearing process to identify the branch Nelamangala 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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