Canara Bank Ithalar Nilgiris Tamil Nadu MICR CODE

Find MICR Codes for Canara Bank Ithalar Nilgiris Tamil Nadu

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ithalur
Contact 0423- 2595734
Bank Details Canara Bank Ithalur CNRB0001118
Location Ithalar, Nilgiris
City Ithalar
District Nilgiris
State Tamil Nadu
Pincode 643256
Country IN
Address 46/2b, main road,, ithalar, dist nilgiris (t n) - 643256
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 Ithalur 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, Ithalur branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Ithalur 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 -

>>Ithalur

MICR code for Canara Bank Ithalur

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 Ithalur 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 Ithalur branch. MICR code for Ithalur 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 Ithalur is presented in the table alongside.

Use of Canara Bank MICR code for Ithalur branch in ithalar

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