Canara Bank Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for Canara Bank Ludhiana Ludhiana Punjab

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jagraon Ii
Contact 0
Bank Details Canara Bank Jagraon Ii CNRB0018158
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 142026
Country IN
Address Sach complex sherpura chowk ferozpur road jagraon ludhiana punjab india 142026
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 142015053 for Jagraon Ii 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 142015053 of Canara Bank, Jagraon Ii branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Jagraon Ii branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Jagraon Ii

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 Jagraon Ii 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. 142015053 is the MICR code of Canara Bank for Jagraon Ii branch. MICR code for Jagraon Ii 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 Jagraon Ii is presented in the table alongside.

Use of Canara Bank MICR code for Jagraon Ii branch in ludhiana

The MICR code 142015053 is used in RBI cheque clearing process to identify the branch Jagraon Ii 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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