Pragathi Krishna Bank Malur Kolar Karnataka MICR CODE

Find MICR Codes for Pragathi Krishna Bank Malur Kolar Karnataka

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MICR Code	-NA-
Bank	Pragathi Krishna Gramin Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Malur
Contact
Bank Details	Pragathi Krishna Gramin Bank Malur PKGB0010729

Location	Malur, Kolar
City	Malur
District	Kolar
State	Karnataka
Pincode	563130
Country	IN
Address	Malur

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 Malur 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 Pragathi Krishna Gramin Bank, Malur branch makes the system almost error free and faster. Use of Pragathi Krishna Gramin Bank MICR codes for Malur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of Pragathi Krishna Gramin Bank are available with micr code -

>>Huladenahalli >>K G Halli >>Kudiyanur >>Lakkur >>Malur >>Shivarapatna >>Thornahally >>Toralakki

MICR code for Pragathi Krishna Bank Malur

Pragathi Krishna Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Pragathi Krishna Gramin Bank MICR code for Malur 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 Pragathi Krishna Bank for Malur branch. MICR code for Malur 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 Pragathi Krishna Gramin Bank Malur is presented in the table alongside.

Use of Pragathi Krishna Gramin Bank MICR code for Malur branch in malur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Malur and Pragathi Krishna Gramin 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 Pragathi Krishna Bank is typically in either of these two font’s: E-138 and CMC-7.

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