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 Tvs Nagar
Contact 2694424
Bank Details Canara Bank Madurai Tvs Nagar CNRB0005962
Location Madurai, Madurai
City Madurai
District Madurai
State Tamil Nadu
Pincode 625003
Country IN
Address Canara bank c 31 maruthi bhavan rajam road tvs nagar madurai tvs nagar tamil nadu 625003
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 625015131 for Madurai Tvs Nagar 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 625015131 of Canara Bank, Madurai Tvs Nagar branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Madurai Tvs Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Madurai Tvs Nagar

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 Tvs Nagar 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. 625015131 is the MICR code of Canara Bank for Madurai Tvs Nagar branch. MICR code for Madurai Tvs Nagar 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 Tvs Nagar is presented in the table alongside.

Use of Canara Bank MICR code for Madurai Tvs Nagar branch in madurai

The MICR code 625015131 is used in RBI cheque clearing process to identify the branch Madurai Tvs Nagar 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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