Canara Bank Coimbatore Coimbatore Tamil Nadu MICR CODE

Find MICR Codes for Canara Bank Coimbatore Coimbatore Tamil Nadu

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Coimbatore Selvapuram
Contact 9994269693
Bank Details Canara Bank Coimbatore Selvapuram CNRB0006237
Location Coimbatore, Coimbatore
City Coimbatore
District Coimbatore
State Tamil Nadu
Pincode 641039
Country IN
Address Canara bank sf no 232/1 a,telungupalayam pirivu near hotel annamaya,selvapuram coimbatore selvapuram tamil nadu 641039
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 Coimbatore Selvapuram 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, Coimbatore Selvapuram branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Coimbatore Selvapuram branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Coimbatore Selvapuram

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 Coimbatore Selvapuram 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 Coimbatore Selvapuram branch. MICR code for Coimbatore Selvapuram 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 Coimbatore Selvapuram is presented in the table alongside.

Use of Canara Bank MICR code for Coimbatore Selvapuram branch in coimbatore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Coimbatore Selvapuram 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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