Canara Bank Nellore Nellore Andhra Pradesh MICR CODE

Find MICR Codes for Canara Bank Nellore Nellore Andhra Pradesh

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Anikepalli Golagamudi
Contact 0
Bank Details Canara Bank Anikepalli Golagamudi CNRB0013506
Location Nellore, Nellore
City Nellore
District Nellore
State Andhra Pradesh
Pincode 524321
Country IN
Address Bhagvan sri venkiah swamy ashram comp anikepalli 524321 nellore dist andhra pradesh
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 524015023 for Anikepalli Golagamudi 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 524015023 of Canara Bank, Anikepalli Golagamudi branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Anikepalli Golagamudi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Anikepalli Golagamudi

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 Anikepalli Golagamudi 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. 524015023 is the MICR code of Canara Bank for Anikepalli Golagamudi branch. MICR code for Anikepalli Golagamudi 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 Anikepalli Golagamudi is presented in the table alongside.

Use of Canara Bank MICR code for Anikepalli Golagamudi branch in nellore

The MICR code 524015023 is used in RBI cheque clearing process to identify the branch Anikepalli Golagamudi 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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