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 Thirty Four
Contact 0
Bank Details Canara Bank Chandigarh Sector Thirty Four CNRB0019642
Location Chandigarh, Chandigarh
City Chandigarh
District Chandigarh
State Chandigarh
Pincode 160022
Country IN
Address Sco 102 103 sector 34 a chandigarh chandigarh chandigarh india 160022
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 160015065 for Chandigarh Sector Thirty Four 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 160015065 of Canara Bank, Chandigarh Sector Thirty Four branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Chandigarh Sector Thirty Four branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Chandigarh Sector Thirty Four

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 Thirty Four 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. 160015065 is the MICR code of Canara Bank for Chandigarh Sector Thirty Four branch. MICR code for Chandigarh Sector Thirty Four 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 Thirty Four is presented in the table alongside.

Use of Canara Bank MICR code for Chandigarh Sector Thirty Four branch in chandigarh

The MICR code 160015065 is used in RBI cheque clearing process to identify the branch Chandigarh Sector Thirty Four 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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