Canara Bank Prakasam Markapur Andhra Pradesh MICR CODE

Find MICR Codes for Canara Bank Prakasam Markapur Andhra Pradesh

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MICR Code	523015019
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Markapur
Contact	0
Bank Details	Canara Bank Markapur CNRB0013667

Location	Prakasam, Markapur
City	Prakasam
District	Markapur
State	Andhra Pradesh
Pincode	523316
Country	IN
Address	Door no 7 by 282 nehru street p b no 5 markapur prakasam 523 316

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 523015019 for Markapur 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 523015019 of Canara Bank, Markapur branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Markapur 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 -

>>Markapur

MICR code for Canara Bank Markapur

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 Markapur 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. 523015019 is the MICR code of Canara Bank for Markapur branch. MICR code for Markapur 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 Markapur is presented in the table alongside.

Use of Canara Bank MICR code for Markapur branch in prakasam

The MICR code 523015019 is used in RBI cheque clearing process to identify the branch Markapur 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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