Canara Bank Latur Latur Maharashtra MICR CODE

Find MICR Codes for Canara Bank Latur Latur Maharashtra

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chandranagar Latur
Contact 02382- 250137
Bank Details Canara Bank Chandranagar Latur CNRB0008576
Location Latur, Latur
City Latur
District Latur
State Maharashtra
Pincode 413512
Country IN
Address Canara bank rajarshi shahu mahavidyalaya chandranagar latur maharashtra 413512
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 Chandranagar Latur 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, Chandranagar Latur branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Chandranagar Latur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Canara Bank are available with micr code -

>>Chandranagar Latur >>Latur

MICR code for Canara Bank Chandranagar Latur

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 Chandranagar Latur 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 Chandranagar Latur branch. MICR code for Chandranagar Latur 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 Chandranagar Latur is presented in the table alongside.

Use of Canara Bank MICR code for Chandranagar Latur branch in latur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Chandranagar Latur 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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