Canara Bank Nellore Kotrakona Andhra Pradesh MICR CODE

Find MICR Codes for Canara Bank Nellore Kotrakona Andhra Pradesh

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MICR Code	517015029
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kotrakona
Contact	0
Bank Details	Canara Bank Kotrakona CNRB0013239

Location	Nellore, Kotrakona
City	Nellore
District	Kotrakona
State	Andhra Pradesh
Pincode	517127
Country	IN
Address	H by o kbs murty reddy kotrakona village gangadhar nellore mandal kotrakona 517127

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 517015029 for Kotrakona 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 517015029 of Canara Bank, Kotrakona branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Kotrakona 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 -

>>Kotrakona

MICR code for Canara Bank Kotrakona

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 Kotrakona 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. 517015029 is the MICR code of Canara Bank for Kotrakona branch. MICR code for Kotrakona 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 Kotrakona is presented in the table alongside.

Use of Canara Bank MICR code for Kotrakona branch in nellore

The MICR code 517015029 is used in RBI cheque clearing process to identify the branch Kotrakona 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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