Canara Bank Bagbahara Mahasamund Chhattisgarh MICR CODE

Find MICR Codes for Canara Bank Bagbahara Mahasamund Chhattisgarh

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MICR Code	493015504
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bagbahara
Contact	7122567298
Bank Details	Canara Bank Bagbahara CNRB0005264

Location	Bagbahara, Mahasamund
City	Bagbahara
District	Mahasamund
State	Chhattisgarh
Pincode	493449
Country	IN
Address	Canara bank ward no 8 main road jawahar chowk bagbahara chattisgarh

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 493015504 for Bagbahara 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 493015504 of Canara Bank, Bagbahara branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Bagbahara branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Bagbahara

MICR code for Canara Bank Bagbahara

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 Bagbahara 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. 493015504 is the MICR code of Canara Bank for Bagbahara branch. MICR code for Bagbahara 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 Bagbahara is presented in the table alongside.

Use of Canara Bank MICR code for Bagbahara branch in bagbahara

The MICR code 493015504 is used in RBI cheque clearing process to identify the branch Bagbahara 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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