Canara Bank Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for Canara Bank Hyderabad Hyderabad Urban Andhra Pradesh

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Hyderabad Lalapet
Contact 040 - 23438705
Bank Details Canara Bank Hyderabad Lalapet CNRB0001286
Location Hyderabad, Hyderabad Urban
City Hyderabad
District Hyderabad Urban
State Andhra Pradesh
Pincode 500017
Country IN
Address A.p.diary development corpn., compound tarnak 9, lalapet, hyderabad500017
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 500015015 for Hyderabad Lalapet 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 500015015 of Canara Bank, Hyderabad Lalapet branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Hyderabad Lalapet branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Hyderabad Lalapet

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 Hyderabad Lalapet 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. 500015015 is the MICR code of Canara Bank for Hyderabad Lalapet branch. MICR code for Hyderabad Lalapet 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 Hyderabad Lalapet is presented in the table alongside.

Use of Canara Bank MICR code for Hyderabad Lalapet branch in hyderabad

The MICR code 500015015 is used in RBI cheque clearing process to identify the branch Hyderabad Lalapet 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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