Canara Bank Hyderabad Hyderabad Telangana MICR CODE

Find MICR Codes for Canara Bank Hyderabad Hyderabad Telangana

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MICR Code	500015990
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Hyderabad Retail Asset Hub
Contact
Bank Details	Canara Bank Hyderabad Retail Asset Hub CNRB0006630

Location	Hyderabad, Hyderabad
City	Hyderabad
District	Hyderabad
State	Telangana
Pincode	500068
Country	IN
Address	Canara bank 1st floor,sy no 137,bandlaguda po uppal-nagole main road,nagole hyderabad nagole telangana 500068

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 500015990 for Hyderabad Retail Asset Hub 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 500015990 of Canara Bank, Hyderabad Retail Asset Hub branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Hyderabad Retail Asset Hub branch, makes the characters readable even if there are other marks and stamps on it.

A total of 82 branches of Canara Bank are available with micr code -

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MICR code for Canara Bank Hyderabad Retail Asset Hub

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 Retail Asset Hub 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. 500015990 is the MICR code of Canara Bank for Hyderabad Retail Asset Hub branch. MICR code for Hyderabad Retail Asset Hub 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 Retail Asset Hub is presented in the table alongside.

Use of Canara Bank MICR code for Hyderabad Retail Asset Hub branch in hyderabad

The MICR code 500015990 is used in RBI cheque clearing process to identify the branch Hyderabad Retail Asset Hub 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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