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Bank Details for MICR: 160052003

Bank NameKarnataka Bank Limited
Branch Name Mohali Punjab
Branch Code 000503
IFSC Code KARB0000503
MICR Code 160052003
Bank Address Sco 121&122,phase-3-b-ii,s A S Nagar,mohali, Pin - 160059
State Name Punjab
City / Area Roopnagar
District Name Mohali
Contact Details2264884

MICR code - 160052003 of bank Mohali Punjab Mohali Punjab India Karnataka Bank Limited is use to do any online transaction like NEFT, RTGS, ECS Transactions.

IFSC Code - KARB0000503 of bank Karnataka Bank Limited and MICR code - 160052003 of bank Karnataka Bank Limited is use to do any online transaction or transaction related to the Mohali Punjab branch of Karnataka Bank Limited Mohali Punjab. an Invalid use ifsc code or micr code will lead to failur of the transaction.

Map Location for 160052003

MICR Code: Magnetic Ink Character Recognition MICR CODE is printed on cheque book to facilitate the Process of cheques.

National Electronic Funds Transfer (NEFT) is a nation-wide system that facilitates individuals, firms and corporates to electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country. NEFT transfers are also referred as e-cheques as the funds are not transferred in real-time and the funds are settled in batches.

'RTGS' stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting). You need the IFSC Code to identify the Branch for which you will want to transfer funds using RTGS. Note all branches don't have IFSC Codes.

'IMPS' is Immediate Payment Service and it is commonly known as Interbank Mobile Payment Service. IMPS uses IFSC codes to offer a number of fund transfer services instantly in a round the clock environment. National Payments Corporation of India (NPCI), which is an organization that regulates the retail payments in India, has provided this facility.