Canara Bank Nizamabad Bodhan Telangana MICR CODE

Find MICR Codes for Canara Bank Nizamabad Bodhan Telangana

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mavandi Kurdh
Contact 0
Bank Details Canara Bank Mavandi Kurdh CNRB0013448
Location Nizamabad, Bodhan
City Nizamabad
District Bodhan
State Telangana
Pincode 503185
Country IN
Address H no mavandi kurdh bodhan mandal nizamabad district bodhan telangana india 503185
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 503015030 for Mavandi Kurdh 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 503015030 of Canara Bank, Mavandi Kurdh branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Mavandi Kurdh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Canara Bank are available with micr code -

>>Bodhan Ii >>Mavandi Kurdh

MICR code for Canara Bank Mavandi Kurdh

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 Mavandi Kurdh 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. 503015030 is the MICR code of Canara Bank for Mavandi Kurdh branch. MICR code for Mavandi Kurdh 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 Mavandi Kurdh is presented in the table alongside.

Use of Canara Bank MICR code for Mavandi Kurdh branch in nizamabad

The MICR code 503015030 is used in RBI cheque clearing process to identify the branch Mavandi Kurdh 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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