Canara Bank Koratla Karimnagar Telangana MICR CODE

Find MICR Codes for Canara Bank Koratla Karimnagar Telangana

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MICR Code	505015523
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Koratla
Contact
Bank Details	Canara Bank Koratla CNRB0006668

Location	Koratla, Karimnagar
City	Koratla
District	Karimnagar
State	Telangana
Pincode	505326
Country	IN
Address	Canara bank h no 1-1-163,main road,koratla,jagitial district,koratla telangana 505326

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 505015523 for Koratla 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 505015523 of Canara Bank, Koratla branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Koratla 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 -

>>Koratla

MICR code for Canara Bank Koratla

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 Koratla 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. 505015523 is the MICR code of Canara Bank for Koratla branch. MICR code for Koratla 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 Koratla is presented in the table alongside.

Use of Canara Bank MICR code for Koratla branch in koratla

The MICR code 505015523 is used in RBI cheque clearing process to identify the branch Koratla 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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