Canara Bank Hayatnagar Ranga Reddy Andhra Pradesh MICR CODE

Find MICR Codes for Canara Bank Hayatnagar Ranga Reddy Andhra Pradesh

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MICR Code	500015037
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Hayatnagar
Contact	040-24201587
Bank Details	Canara Bank Hayatnagar CNRB0001090

Location	Hayatnagar, Ranga Reddy
City	Hayatnagar
District	Ranga Reddy
State	Andhra Pradesh
Pincode	501505
Country	IN
Address	9-53, near rtc, bus depot, national highway,, hayatnagar 501505

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 500015037 for Hayatnagar 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 500015037 of Canara Bank, Hayatnagar branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Hayatnagar 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 -

>>Hayatnagar

MICR code for Canara Bank Hayatnagar

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 Hayatnagar 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. 500015037 is the MICR code of Canara Bank for Hayatnagar branch. MICR code for Hayatnagar 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 Hayatnagar is presented in the table alongside.

Use of Canara Bank MICR code for Hayatnagar branch in hayatnagar

The MICR code 500015037 is used in RBI cheque clearing process to identify the branch Hayatnagar 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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