Canara Bank Prakasam Karavadi Andhra Pradesh MICR CODE

Find MICR Codes for Canara Bank Prakasam Karavadi Andhra Pradesh

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MICR Code	523015008
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Karavadi
Contact	0
Bank Details	Canara Bank Karavadi CNRB0013677

Location	Prakasam, Karavadi
City	Prakasam
District	Karavadi
State	Andhra Pradesh
Pincode	523182
Country	IN
Address	Karavadi ongole mandal prakasm andhra pradesh 523 182

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 523015008 for Karavadi 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 523015008 of Canara Bank, Karavadi branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Karavadi 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 -

>>Karavadi

MICR code for Canara Bank Karavadi

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 Karavadi 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. 523015008 is the MICR code of Canara Bank for Karavadi branch. MICR code for Karavadi 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 Karavadi is presented in the table alongside.

Use of Canara Bank MICR code for Karavadi branch in prakasam

The MICR code 523015008 is used in RBI cheque clearing process to identify the branch Karavadi 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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