Canara Bank Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for Canara Bank Nagpur Nagpur Maharashtra

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Badkas Chowk Nagpur
Contact 0712-2724562
Bank Details Canara Bank Badkas Chowk Nagpur CNRB0001084
Location Nagpur, Nagpur
City Nagpur
District Nagpur
State Maharashtra
Pincode 440002
Country IN
Address Tinkhede bhavan, walkar road,, badkas chowk, nagpur - 440 002,
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 440015005 for Badkas Chowk Nagpur 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 440015005 of Canara Bank, Badkas Chowk Nagpur branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Badkas Chowk Nagpur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Badkas Chowk Nagpur

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 Badkas Chowk Nagpur 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. 440015005 is the MICR code of Canara Bank for Badkas Chowk Nagpur branch. MICR code for Badkas Chowk Nagpur 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 Badkas Chowk Nagpur is presented in the table alongside.

Use of Canara Bank MICR code for Badkas Chowk Nagpur branch in nagpur

The MICR code 440015005 is used in RBI cheque clearing process to identify the branch Badkas Chowk Nagpur 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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