Canara Bank Alibag Raigad Maharashtra MICR CODE

Find MICR Codes for Canara Bank Alibag Raigad Maharashtra

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Varsoli
Contact
Bank Details Canara Bank Varsoli CNRB0006728
Location Alibag, Raigad
City Alibag
District Raigad
State Maharashtra
Pincode 402201
Country IN
Address Canara bank hatim bldg,ground flr,vill-varsoli,alibag revad rd,tal-alibag,raigad varsoli maharashtra 402201
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.

Search Canara Bank MICR Codes in raigad

You can search through MICR Codes of Maharashtra branches in alibag of District raigad in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Canara Bank are available with micr code -

>>Varsoli

How to find MICR codes for Canara Bank in alibag?

Canara Bank alibag MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Canara Bank MICR codes list for alibag, one can further search by branch name specified in the table. You can find MICR codes for all Canara Bank alibag branches.

Canara Bank MICR code in alibag

Canara Bank MICR code is a character recognition technology used by banks in the processing of cheques. Canara Bank MICR code for alibag branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Canara Bank branches in alibag, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Canara Bank MICR code for alibag branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Canara Bank alibag branch, sprinted 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. Thus MICR code for Canara Bank alibag branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Canara Bank MICR codes for alibag branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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