Canara Bank Masaipet Medak Andhra Pradesh MICR CODE

Find MICR Codes for Canara Bank Masaipet Medak Andhra Pradesh

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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	Masaipet
Contact	08452-227859
Bank Details	Canara Bank Masaipet CNRB0001320

Location	Masaipet, Medak
City	Masaipet
District	Medak
State	Andhra Pradesh
Pincode	502335
Country	IN
Address	1-44, national highway 7,, masaipet , medak dist, ap - 502 335

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

>>Masaipet

MICR code for Canara Bank Masaipet

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

Use of Canara Bank MICR code for Masaipet branch in masaipet

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