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 Iyer Bunglow
Contact 2682439
Bank Details Canara Bank Madurai Iyer Bunglow CNRB0006115
Location Madurai, Madurai
City Madurai
District Madurai
State Tamil Nadu
Pincode 625014
Country IN
Address Canara bank 3 347 a master complx krishna nagar iyer bunglow new natham road madurai tamil nadu 625014
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 0 for Madurai Iyer Bunglow 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 0 of Canara Bank, Madurai Iyer Bunglow branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Madurai Iyer Bunglow branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Madurai Iyer Bunglow

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 Madurai Iyer Bunglow 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. 0 is the MICR code of Canara Bank for Madurai Iyer Bunglow branch. MICR code for Madurai Iyer Bunglow 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 Madurai Iyer Bunglow is presented in the table alongside.

Use of Canara Bank MICR code for Madurai Iyer Bunglow branch in madurai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Madurai Iyer Bunglow 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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