Canara Bank Basmath Hingoli Maharashtra MICR CODE

Find MICR Codes for Canara Bank Basmath Hingoli Maharashtra

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MICR Code	431015510
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Basmat
Contact
Bank Details	Canara Bank Basmat CNRB0006675

Location	Basmath, Hingoli
City	Basmath
District	Hingoli
State	Maharashtra
Pincode	431512
Country	IN
Address	Canara bank shop a/377(old ) shop no new a/822 s no 129 main road basmat basmat hingoli district maharashtra 431512

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 431015510 for Basmat 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 431015510 of Canara Bank, Basmat branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Basmat 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 -

>>Basmat

MICR code for Canara Bank Basmat

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 Basmat 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. 431015510 is the MICR code of Canara Bank for Basmat branch. MICR code for Basmat 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 Basmat is presented in the table alongside.

Use of Canara Bank MICR code for Basmat branch in basmath

The MICR code 431015510 is used in RBI cheque clearing process to identify the branch Basmat 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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