Canara Bank Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Canara Bank Chandigarh Chandigarh Chandigarh

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chandigarh Sector 44 D
Contact 0172-2601656
Bank Details Canara Bank Chandigarh Sector 44 D CNRB0002399
Location Chandigarh, Chandigarh
City Chandigarh
District Chandigarh
State Chandigarh
Pincode 160047
Country IN
Address Sco 369-370 sector 44 d, chandigarh 160 047,
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 160015009 for Chandigarh Sector 44 D 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 160015009 of Canara Bank, Chandigarh Sector 44 D branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Chandigarh Sector 44 D branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Chandigarh Sector 44 D

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 Chandigarh Sector 44 D 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. 160015009 is the MICR code of Canara Bank for Chandigarh Sector 44 D branch. MICR code for Chandigarh Sector 44 D 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 Chandigarh Sector 44 D is presented in the table alongside.

Use of Canara Bank MICR code for Chandigarh Sector 44 D branch in chandigarh

The MICR code 160015009 is used in RBI cheque clearing process to identify the branch Chandigarh Sector 44 D 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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