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 Sultan Bazaar
Contact 040 - 23438711
Bank Details Canara Bank Hyderabad Sultan Bazaar CNRB0000844
Location Hyderabad, Hyderabad Urban
City Hyderabad
District Hyderabad Urban
State Andhra Pradesh
Pincode 500195
Country IN
Address P b no. 113, sultan bazar,, hyderabad 500 195,
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 500015027 for Hyderabad Sultan Bazaar 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 500015027 of Canara Bank, Hyderabad Sultan Bazaar branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Hyderabad Sultan Bazaar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Hyderabad Sultan Bazaar

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 Sultan Bazaar 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. 500015027 is the MICR code of Canara Bank for Hyderabad Sultan Bazaar branch. MICR code for Hyderabad Sultan Bazaar 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 Sultan Bazaar is presented in the table alongside.

Use of Canara Bank MICR code for Hyderabad Sultan Bazaar branch in hyderabad

The MICR code 500015027 is used in RBI cheque clearing process to identify the branch Hyderabad Sultan Bazaar 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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