Canara Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Canara Bank Mumbai Mumbai Maharashtra

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MICR Code	400015008
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bangur Nagar Mumbai
Contact	022-2872 0118
Bank Details	Canara Bank Bangur Nagar Mumbai CNRB0001520

Location	Mumbai, Mumbai
City	Mumbai
District	Mumbai
State	Maharashtra
Pincode	400090
Country	IN
Address	Ashish plot no. 161, m.g.road, bangurnagar, goregaon west, mumbai - 400090

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 400015008 for Bangur Nagar Mumbai 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 400015008 of Canara Bank, Bangur Nagar Mumbai branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Bangur Nagar Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 118 branches of Canara Bank are available with micr code -

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MICR code for Canara Bank Bangur Nagar Mumbai

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 Bangur Nagar Mumbai 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. 400015008 is the MICR code of Canara Bank for Bangur Nagar Mumbai branch. MICR code for Bangur Nagar Mumbai 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 Bangur Nagar Mumbai is presented in the table alongside.

Use of Canara Bank MICR code for Bangur Nagar Mumbai branch in mumbai

The MICR code 400015008 is used in RBI cheque clearing process to identify the branch Bangur Nagar Mumbai 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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