Canara Bank Rewa Rewa Madhya Pradesh MICR CODE

Find MICR Codes for Canara Bank Rewa Rewa Madhya Pradesh

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District
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MICR Code	486015002
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bina
Contact	0
Bank Details	Canara Bank Bina CNRB0017875

Location	Rewa, Rewa
City	Rewa
District	Rewa
State	Madhya Pradesh
Pincode
Country	IN
Address	16 by 371 gulfam complex opp john towers college road

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 486015002 for Bina 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 486015002 of Canara Bank, Bina branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Bina branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Canara Bank are available with micr code -

>>Bina >>Rewa >>Tikuri

MICR code for Canara Bank Bina

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 Bina 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. 486015002 is the MICR code of Canara Bank for Bina branch. MICR code for Bina 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 Bina is presented in the table alongside.

Use of Canara Bank MICR code for Bina branch in rewa

The MICR code 486015002 is used in RBI cheque clearing process to identify the branch Bina 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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