Canara Bank Maksi Shajapur Madhya Pradesh MICR CODE

Find MICR Codes for Canara Bank Maksi Shajapur Madhya Pradesh

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MICR Code	465015504
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Maksi
Contact	7049919124
Bank Details	Canara Bank Maksi CNRB0005958

Location	Maksi, Shajapur
City	Maksi
District	Shajapur
State	Madhya Pradesh
Pincode	465106
Country	IN
Address	Patel parisar a b road maksi pin code 465 106

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 465015504 for Maksi 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 465015504 of Canara Bank, Maksi branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Maksi 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 -

>>Maksi

MICR code for Canara Bank Maksi

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 Maksi 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. 465015504 is the MICR code of Canara Bank for Maksi branch. MICR code for Maksi 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 Maksi is presented in the table alongside.

Use of Canara Bank MICR code for Maksi branch in maksi

The MICR code 465015504 is used in RBI cheque clearing process to identify the branch Maksi 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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