Canara Bank Dhar Dhar Madhya Pradesh MICR CODE

Find MICR Codes for Canara Bank Dhar Dhar Madhya Pradesh

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MICR Code	454015001
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Dhar
Contact	07292-235124
Bank Details	Canara Bank Dhar CNRB0004141

Location	Dhar, Dhar
City	Dhar
District	Dhar
State	Madhya Pradesh
Pincode	454001
Country	IN
Address	Block no.2, 194/2 bakhtawar marg, indore road, dhar - 454001

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 454015001 for Dhar 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 454015001 of Canara Bank, Dhar branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Dhar 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 -

>>Dhar >>Dhar Ii

MICR code for Canara Bank Dhar

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 Dhar 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. 454015001 is the MICR code of Canara Bank for Dhar branch. MICR code for Dhar 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 Dhar is presented in the table alongside.

Use of Canara Bank MICR code for Dhar branch in dhar

The MICR code 454015001 is used in RBI cheque clearing process to identify the branch Dhar 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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