Canara Bank Igatpuri Nasik Maharashtra MICR CODE

Find MICR Codes for Canara Bank Igatpuri Nasik Maharashtra

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Igatpuri
Contact 244896
Bank Details Canara Bank Igatpuri CNRB0005606
Location Igatpuri, Nasik
City Igatpuri
District Nasik
State Maharashtra
Pincode 422403
Country IN
Address Sr no 777 bar 1 rawat plaza near state bank of india warche peth igatpuri maharashtra 422403
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 422015007 for Igatpuri 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 422015007 of Canara Bank, Igatpuri branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Igatpuri 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 -

>>Igatpuri

MICR code for Canara Bank Igatpuri

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 Igatpuri 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. 422015007 is the MICR code of Canara Bank for Igatpuri branch. MICR code for Igatpuri 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 Igatpuri is presented in the table alongside.

Use of Canara Bank MICR code for Igatpuri branch in igatpuri

The MICR code 422015007 is used in RBI cheque clearing process to identify the branch Igatpuri 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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