Karnataka Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Karnataka Bank Pune Pune Maharashtra

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MICR Code
Bank Karnataka Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Punebaner
Contact
Bank Details Karnataka Bank Ltd Punebaner KARB0000628
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411045
Country IN
Address 9850069753
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 Punebaner 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, Punebaner branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Punebaner branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Karnataka Bank Ltd are available with micr code -

>>Bavdhan Budruk >>Bavdhan Budruk >>Dhankawadi >>Hadapsar Pune >>Pune Main >>Punebaner

MICR code for Karnataka Bank Punebaner

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 Punebaner 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 Punebaner branch. MICR code for Punebaner 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 Punebaner is presented in the table alongside.

Use of Karnataka Bank MICR code for Punebaner branch in pune

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