Canara Bank Baramba Cuttack Orissa MICR CODE

Find MICR Codes for Canara Bank Baramba Cuttack Orissa

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MICR Code	754015515
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Basantapur
Contact	Cb5477@canarabank.Com
Bank Details	Canara Bank Basantapur CNRB0005477

Location	Baramba, Cuttack
City	Baramba
District	Cuttack
State	Orissa
Pincode	754032
Country	IN
Address	Village : basantapur , po :jilinda block : narasinghpur , dist : cuttack - 754032

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 754015515 for Basantapur 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 754015515 of Canara Bank, Basantapur branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Basantapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Canara Bank are available with micr code -

>>Basantapur >>Gidibandha

MICR code for Canara Bank Basantapur

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 Basantapur 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. 754015515 is the MICR code of Canara Bank for Basantapur branch. MICR code for Basantapur 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 Basantapur is presented in the table alongside.

Use of Canara Bank MICR code for Basantapur branch in baramba

The MICR code 754015515 is used in RBI cheque clearing process to identify the branch Basantapur 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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