Canara Bank Erode Erode Tamil Nadu MICR CODE

Find MICR Codes for Canara Bank Erode Erode Tamil Nadu

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ikkarainegamam
Contact 24312280
Bank Details Canara Bank Ikkarainegamam CNRB0006426
Location Erode, Erode
City Erode
District Erode
State Tamil Nadu
Pincode 638401
Country IN
Address Canara bank 4/349,tnr nagar,thandampalayam ikkarainegamam,kenjanur po ikkarainegamam,erode dist tamil nadu 638401
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 0 for Ikkarainegamam 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 0 of Canara Bank, Ikkarainegamam branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Ikkarainegamam branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Ikkarainegamam

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 Ikkarainegamam 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. 0 is the MICR code of Canara Bank for Ikkarainegamam branch. MICR code for Ikkarainegamam 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 Ikkarainegamam is presented in the table alongside.

Use of Canara Bank MICR code for Ikkarainegamam branch in erode

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ikkarainegamam 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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