Canara Bank Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for Canara Bank Madurai Madurai Tamil Nadu

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Madurai Ramnad Road
Contact 0452 - 2329300
Bank Details Canara Bank Madurai Ramnad Road CNRB0001007
Location Madurai, Madurai
City Madurai
District Madurai
State Tamil Nadu
Pincode 625001
Country IN
Address P.b.no.243, aryempi towers,, no.132,east masi street,, madurai 625001
MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Madurai Grand Central
Contact 0452 - 2343195
Bank Details Canara Bank Madurai Grand Central CNRB0001008
Location Madurai, Madurai
City Madurai
District Madurai
State Tamil Nadu
Pincode 625001
Country IN
Address P.b.no.197,118-b,, west perumal maistry street, madurai 625001
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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 to find MICR codes for Canara Bank in madurai?

Canara Bank madurai MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Canara Bank MICR codes list for madurai, one can further search by branch name specified in the table. You can find MICR codes for all Canara Bank madurai branches.

Canara Bank MICR code in madurai

Canara Bank MICR code is a character recognition technology used by banks in the processing of cheques. Canara Bank MICR code for madurai branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Canara Bank branches in madurai, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Canara Bank MICR code for madurai branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Canara Bank madurai branch, sprinted 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. Thus MICR code for Canara Bank madurai branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Canara Bank MICR codes for madurai branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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