Canara Bank Beed Majalgaon Maharashtra MICR CODE

Find MICR Codes for Canara Bank Beed Majalgaon Maharashtra

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MICR Code	-NA-
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Majalgaon
Contact	-
Bank Details	Canara Bank Majalgaon CNRB0007829

Location	Beed, Majalgaon
City	Beed
District	Majalgaon
State	Maharashtra
Pincode	431131
Country	IN
Address	Majalgaon beed dist maharashtra 431131

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

>>Majalgaon

MICR code for Canara Bank Majalgaon

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 Majalgaon 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 Majalgaon branch. MICR code for Majalgaon 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 Majalgaon is presented in the table alongside.

Use of Canara Bank MICR code for Majalgaon branch in beed

The MICR code 0 is used in RBI cheque clearing process to identify the branch Majalgaon 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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