Karnataka Bank Vizianagaram Vizianagaram Andhra Pradesh MICR CODE

Find MICR Codes for Karnataka Bank Vizianagaram Vizianagaram Andhra Pradesh

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MICR Code
Bank Karnataka Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shantipuram Vizag
Contact
Bank Details Karnataka Bank Ltd Shantipuram Vizag KARB0000798
Location Vizianagaram, Vizianagaram
City Vizianagaram
District Vizianagaram
State Andhra Pradesh
Pincode 535001
Country IN
Address 49 52 4 plot no 26 shop no 37 shankarmattam rd,shantipuram diamond park visakapatnam 530
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 530052003 for Shantipuram Vizag 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 530052003 of Karnataka Bank, Shantipuram Vizag branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Shantipuram Vizag 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 -

>>Shantipuram Vizag >>Vizianagaram Ap

MICR code for Karnataka Bank Shantipuram Vizag

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 Shantipuram Vizag 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. 530052003 is the MICR code of Karnataka Bank for Shantipuram Vizag branch. MICR code for Shantipuram Vizag 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 Shantipuram Vizag is presented in the table alongside.

Use of Karnataka Bank MICR code for Shantipuram Vizag branch in vizianagaram

The MICR code 530052003 is used in RBI cheque clearing process to identify the branch Shantipuram Vizag 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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