Canara Bank Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for Canara Bank Madurai Madurai Tamil Nadu

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Corporation Branch Madurai
Contact 0452-2530641
Bank Details Canara Bank Corporation Branch Madurai CNRB0003041
Location Madurai, Madurai
City Madurai
District Madurai
State Tamil Nadu
Pincode 625002
Country IN
Address Corporation building, tallakulam, madurai -625 002 (tamilnadu)
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 Corporation Branch Madurai 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, Corporation Branch Madurai branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Corporation Branch Madurai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Corporation Branch Madurai

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 Corporation Branch Madurai 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 Corporation Branch Madurai branch. MICR code for Corporation Branch Madurai 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 Corporation Branch Madurai is presented in the table alongside.

Use of Canara Bank MICR code for Corporation Branch Madurai branch in madurai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Corporation Branch Madurai 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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