Canara Bank Bokaro Bokaro Jharkhand MICR CODE

Find MICR Codes for Canara Bank Bokaro Bokaro Jharkhand

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bokaro Steel City
Contact 06542-240539
Bank Details Canara Bank Bokaro Steel City CNRB0001253
Location Bokaro, Bokaro
City Bokaro
District Bokaro
State Jharkhand
Pincode 827001
Country IN
Address P.b.no. 8, western avenue, nayamore,bokaro steel city, 827 001.
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 0 for Bokaro Steel City 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 0 of Canara Bank, Bokaro Steel City branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Bokaro Steel City branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Bokaro Steel City

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 Bokaro Steel City 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. 0 is the MICR code of Canara Bank for Bokaro Steel City branch. MICR code for Bokaro Steel City 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 Bokaro Steel City is presented in the table alongside.

Use of Canara Bank MICR code for Bokaro Steel City branch in bokaro

The MICR code 0 is used in RBI cheque clearing process to identify the branch Bokaro Steel City 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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