Canara Bank Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for Canara Bank Kolhapur Kolhapur Maharashtra

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MICR Code	416015003
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kolhapur Laxmipuri (Main)
Contact	0231 - 2641467
Bank Details	Canara Bank Kolhapur Laxmipuri (Main) CNRB0000304

Location	Kolhapur, Kolhapur
City	Kolhapur
District	Kolhapur
State	Maharashtra
Pincode	416002
Country	IN
Address	Post bag no. 7, 1394/1,, c ward, laxmi road, laxmipuri,, kohapur 416 002

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 416015003 for Kolhapur Laxmipuri (Main) 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 416015003 of Canara Bank, Kolhapur Laxmipuri (Main) branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Kolhapur Laxmipuri (Main) branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Canara Bank are available with micr code -

>>Kolhapur >>Kolhapur Laxmipuri (Main) >>Kolhapur Rajarampuri Ii >>Rajarampuri >>Sane Guruji Vasahat Kolhapur >>Specialised Sme Branch Kolhapur >>Washi

MICR code for Canara Bank Kolhapur Laxmipuri (Main)

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 Kolhapur Laxmipuri (Main) 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. 416015003 is the MICR code of Canara Bank for Kolhapur Laxmipuri (Main) branch. MICR code for Kolhapur Laxmipuri (Main) 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 Kolhapur Laxmipuri (Main) is presented in the table alongside.

Use of Canara Bank MICR code for Kolhapur Laxmipuri (Main) branch in kolhapur

The MICR code 416015003 is used in RBI cheque clearing process to identify the branch Kolhapur Laxmipuri (Main) 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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