Canara Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Canara Bank Indore Indore Madhya Pradesh

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Indore Mr Ten
Contact
Bank Details Canara Bank Indore Mr Ten CNRB0005566
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 452010
Country IN
Address Plot no 4 ea scheme 54 mr 10 indore 452 010
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 452015018 for Indore Mr Ten 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 452015018 of Canara Bank, Indore Mr Ten branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Indore Mr Ten branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Indore Mr Ten

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 Indore Mr Ten 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. 452015018 is the MICR code of Canara Bank for Indore Mr Ten branch. MICR code for Indore Mr Ten 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 Indore Mr Ten is presented in the table alongside.

Use of Canara Bank MICR code for Indore Mr Ten branch in indore

The MICR code 452015018 is used in RBI cheque clearing process to identify the branch Indore Mr Ten 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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