Canara Bank Kagal Kolhapur Maharashtra MICR CODE

Find MICR Codes for Canara Bank Kagal Kolhapur Maharashtra

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MICR Code	-NA-
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kagal
Contact	Cb5035@canarabank.Com
Bank Details	Canara Bank Kagal CNRB0005035

Location	Kagal, Kolhapur
City	Kagal
District	Kolhapur
State	Maharashtra
Pincode	416002
Country	IN
Address	Canara bank p b no 7, 1394 1 , c ward laxmi road, kolhapur dist kagal maharashtra 416002

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 Kagal 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, Kagal branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Kagal 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 -

>>Kagal

MICR code for Canara Bank Kagal

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

Use of Canara Bank MICR code for Kagal branch in kagal

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