Canara Bank Kolkata Kolkata West Bengal MICR CODE

Find MICR Codes for Canara Bank Kolkata Kolkata West Bengal

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MICR Code	700015042
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Lake Town Kolkata
Contact	033-2521-8722
Bank Details	Canara Bank Lake Town Kolkata CNRB0002692

Location	Kolkata, Kolkata
City	Kolkata
District	Kolkata
State	West Bengal
Pincode	700089
Country	IN
Address	111,lake town,block a, 2nd floor, calcutta 700 089

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 700015042 for Lake Town Kolkata 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 700015042 of Canara Bank, Lake Town Kolkata branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Lake Town Kolkata branch, makes the characters readable even if there are other marks and stamps on it.

A total of 101 branches of Canara Bank are available with micr code -

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MICR code for Canara Bank Lake Town Kolkata

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 Lake Town Kolkata 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. 700015042 is the MICR code of Canara Bank for Lake Town Kolkata branch. MICR code for Lake Town Kolkata 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 Lake Town Kolkata is presented in the table alongside.

Use of Canara Bank MICR code for Lake Town Kolkata branch in kolkata

The MICR code 700015042 is used in RBI cheque clearing process to identify the branch Lake Town Kolkata 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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