Canara Bank Guntur Guntur Andhra Pradesh MICR CODE

Find MICR Codes for Canara Bank Guntur Guntur Andhra Pradesh

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chandramoulinagar Guntur
Contact 0863-2234636
Bank Details Canara Bank Chandramoulinagar Guntur CNRB0002492
Location Guntur, Guntur
City Guntur
District Guntur
State Andhra Pradesh
Pincode 500033
Country IN
Address Mayuri homes,chandramouli, nagar, ring road,, g u n t u r 500033
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 520015103 for Chandramoulinagar Guntur 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 520015103 of Canara Bank, Chandramoulinagar Guntur branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Chandramoulinagar Guntur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Chandramoulinagar Guntur

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 Chandramoulinagar Guntur 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. 520015103 is the MICR code of Canara Bank for Chandramoulinagar Guntur branch. MICR code for Chandramoulinagar Guntur 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 Chandramoulinagar Guntur is presented in the table alongside.

Use of Canara Bank MICR code for Chandramoulinagar Guntur branch in guntur

The MICR code 520015103 is used in RBI cheque clearing process to identify the branch Chandramoulinagar Guntur 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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