Canara Bank Nagpur Lava Maharashtra MICR CODE

Find MICR Codes for Canara Bank Nagpur Lava Maharashtra

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MICR Code	440015039
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Lava
Contact	0
Bank Details	Canara Bank Lava CNRB0015143

Location	Nagpur, Lava
City	Nagpur
District	Lava
State	Maharashtra
Pincode	440023
Country	IN
Address	Behind sonba baba mandir lava post kadgaon road nagpur taluk and district pin 440023

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 440015039 for Lava 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 440015039 of Canara Bank, Lava branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Lava 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 -

>>Lava

MICR code for Canara Bank Lava

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 Lava 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. 440015039 is the MICR code of Canara Bank for Lava branch. MICR code for Lava 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 Lava is presented in the table alongside.

Use of Canara Bank MICR code for Lava branch in nagpur

The MICR code 440015039 is used in RBI cheque clearing process to identify the branch Lava 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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