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 Industrial Finance Hyderabad
Contact 040-23438638
Bank Details Canara Bank Industrial Finance Hyderabad CNRB0002423
Location Hyderabad, Hyderabad Urban
City Hyderabad
District Hyderabad Urban
State Andhra Pradesh
Pincode 500004
Country IN
Address Ii floor,chakrapani estate,, police control room,, saifabad hyderabad 500004,
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 500015039 for Industrial Finance Hyderabad 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 500015039 of Canara Bank, Industrial Finance Hyderabad branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Industrial Finance Hyderabad branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Industrial Finance Hyderabad

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 Industrial Finance Hyderabad 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. 500015039 is the MICR code of Canara Bank for Industrial Finance Hyderabad branch. MICR code for Industrial Finance Hyderabad 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 Industrial Finance Hyderabad is presented in the table alongside.

Use of Canara Bank MICR code for Industrial Finance Hyderabad branch in hyderabad

The MICR code 500015039 is used in RBI cheque clearing process to identify the branch Industrial Finance Hyderabad 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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