Canara Bank Ahmedabad Ahmedabad Gujarat MICR CODE

Find MICR Codes for Canara Bank Ahmedabad Ahmedabad Gujarat

↻ Reload
MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Capital Market
Contact 079-26578837
Bank Details Canara Bank Capital Market CNRB0002496
Location Ahmedabad, Ahmedabad
City Ahmedabad
District Ahmedabad
State Gujarat
Pincode 380009
Country IN
Address Narayana chamber,, ground floor,ashram road, ahmedabad -380 009
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 380015018 for Capital Market 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 380015018 of Canara Bank, Capital Market branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Capital Market branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Capital Market

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 Capital Market 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. 380015018 is the MICR code of Canara Bank for Capital Market branch. MICR code for Capital Market 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 Capital Market is presented in the table alongside.

Use of Canara Bank MICR code for Capital Market branch in ahmedabad

The MICR code 380015018 is used in RBI cheque clearing process to identify the branch Capital Market 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.

Copied!