Karnataka Bank Mangalore Dakshina Kannada Karnataka MICR CODE

Find MICR Codes for Karnataka Bank Mangalore Dakshina Kannada Karnataka

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MICR Code
Bank Karnataka Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Urva Market
Contact
Bank Details Karnataka Bank Ltd Urva Market KARB0000487
Location Mangalore, Dakshina Kannada
City Mangalore
District Dakshina Kannada
State Karnataka
Pincode 575006
Country IN
Address 1st floor,veenu plaza, sri mariamma temple rd, urva market, mangalore 575006
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 575052017 for Urva Market 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 575052017 of Karnataka Bank, Urva Market branch makes the system almost error free and faster. Use of Karnataka Bank MICR codes for Urva Market branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Karnataka Bank Urva Market

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 Urva Market 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. 575052017 is the MICR code of Karnataka Bank for Urva Market branch. MICR code for Urva Market 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 Urva Market is presented in the table alongside.

Use of Karnataka Bank MICR code for Urva Market branch in mangalore

The MICR code 575052017 is used in RBI cheque clearing process to identify the branch Urva Market 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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