Canara Bank Jabalpur Dist Majholi Madhya Pradesh MICR CODE

Find MICR Codes for Canara Bank Jabalpur Dist Majholi Madhya Pradesh

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State
District
City
Branch
Address

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	Majholi
Contact	0
Bank Details	Canara Bank Majholi CNRB0007493

Location	Jabalpur Dist, Majholi
City	Jabalpur Dist
District	Majholi
State	Madhya Pradesh
Pincode	483336
Country	IN
Address	Plot no 15,ward no 15,sihora road,nanhwara,majholi,jabalpur dist,madhya pradesh-483336

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

>>Majholi

MICR code for Canara Bank Majholi

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

Use of Canara Bank MICR code for Majholi branch in jabalpur dist

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