Canara Bank Thane Thane Maharashtra MICR CODE

Find MICR Codes for Canara Bank Thane Thane Maharashtra

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bhayander (West)
Contact 022-28188572
Bank Details Canara Bank Bhayander (West) CNRB0002468
Location Thane, Thane
City Thane
District Thane
State Maharashtra
Pincode 401101
Country IN
Address Yajurved chandrakant niwas, station road,, bhayander (w) 401 101
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 400015111 for Bhayander (West) 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 400015111 of Canara Bank, Bhayander (West) branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Bhayander (West) branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Bhayander (West)

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 Bhayander (West) 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. 400015111 is the MICR code of Canara Bank for Bhayander (West) branch. MICR code for Bhayander (West) 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 Bhayander (West) is presented in the table alongside.

Use of Canara Bank MICR code for Bhayander (West) branch in thane

The MICR code 400015111 is used in RBI cheque clearing process to identify the branch Bhayander (West) 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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