Canara Bank Ghodegaon Ahmadnagar Maharashtra MICR CODE

Find MICR Codes for Canara Bank Ghodegaon Ahmadnagar Maharashtra

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ghodegaon
Contact 7798469778
Bank Details Canara Bank Ghodegaon CNRB0005411
Location Ghodegaon, Ahmadnagar
City Ghodegaon
District Ahmadnagar
State Maharashtra
Pincode 413701
Country IN
Address At ghodegaon, po hiradgaon, tal shrigonda dist ahmednagar, pincode 413701
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 Ghodegaon 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, Ghodegaon branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Ghodegaon branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Canara Bank are available with micr code -

>>Ghodegaon

MICR code for Canara Bank Ghodegaon

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 Ghodegaon 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 Ghodegaon branch. MICR code for Ghodegaon 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 Ghodegaon is presented in the table alongside.

Use of Canara Bank MICR code for Ghodegaon branch in ghodegaon

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