Canara Bank Belgaum Belgaum Karnataka MICR CODE

Find MICR Codes for Canara Bank Belgaum Belgaum Karnataka

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Accounts Section Belagavi
Contact 0
Bank Details Canara Bank Accounts Section Belagavi CNRB0010554
Location Belgaum, Belgaum
City Belgaum
District Belgaum
State Karnataka
Pincode 590001
Country IN
Address No 1560 mezzanine floor maruthi galli belgaum karnataka 590 001
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 590015048 for Accounts Section Belagavi 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 590015048 of Canara Bank, Accounts Section Belagavi branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Accounts Section Belagavi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Accounts Section Belagavi

Canara Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Canara Bank MICR code for Accounts Section Belagavi 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. 590015048 is the MICR code of Canara Bank for Accounts Section Belagavi branch. MICR code for Accounts Section Belagavi 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 Canara Bank Accounts Section Belagavi is presented in the table alongside.

Use of Canara Bank MICR code for Accounts Section Belagavi branch in belgaum

The MICR code 590015048 is used in RBI cheque clearing process to identify the branch Accounts Section Belagavi and Canara 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 Canara Bank is typically in either of these two font’s: E-138 and CMC-7.

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