Canara Bank Raipur Raipur Chhattisgarh MICR CODE

Find MICR Codes for Canara Bank Raipur Raipur Chhattisgarh

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch G E Road Br Raipur
Contact 0771- 2420960
Bank Details Canara Bank G E Road Br Raipur CNRB0002555
Location Raipur, Raipur
City Raipur
District Raipur
State Chhattisgarh
Pincode 492002
Country IN
Address Sheetal complex, block-c,i floor, telebandha,g e road, raipur 492002
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 492015003 for G E Road Br Raipur 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 492015003 of Canara Bank, G E Road Br Raipur branch makes the system almost error free and faster. Use of Canara Bank MICR codes for G E Road Br Raipur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank G E Road Br Raipur

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 G E Road Br Raipur 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. 492015003 is the MICR code of Canara Bank for G E Road Br Raipur branch. MICR code for G E Road Br Raipur 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 G E Road Br Raipur is presented in the table alongside.

Use of Canara Bank MICR code for G E Road Br Raipur branch in raipur

The MICR code 492015003 is used in RBI cheque clearing process to identify the branch G E Road Br Raipur 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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