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 Eastmasi Street Madurai
Contact 0452-2324273
Bank Details Canara Bank Eastmasi Street Madurai CNRB0001009
Location Madurai, Madurai
City Madurai
District Madurai
State Tamil Nadu
Pincode 625001
Country IN
Address Madurai eastmasi street, 359, a east masi street,, madurai 625001,
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 625015004 for Eastmasi Street 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 625015004 of Canara Bank, Eastmasi Street Madurai branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Eastmasi Street Madurai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Eastmasi Street 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 Eastmasi Street 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. 625015004 is the MICR code of Canara Bank for Eastmasi Street Madurai branch. MICR code for Eastmasi Street 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 Eastmasi Street Madurai is presented in the table alongside.

Use of Canara Bank MICR code for Eastmasi Street Madurai branch in madurai

The MICR code 625015004 is used in RBI cheque clearing process to identify the branch Eastmasi Street 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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