Canara Bank Bhopal Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for Canara Bank Bhopal Bhopal Madhya Pradesh

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mcb Bhopal
Contact 0
Bank Details Canara Bank Mcb Bhopal CNRB0006998
Location Bhopal, Bhopal
City Bhopal
District Bhopal
State Madhya Pradesh
Pincode 462003
Country IN
Address Paryawas bhawan block b 3rd floor jail road arera hills bhopal madhya pradesh 462003
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 Mcb Bhopal 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, Mcb Bhopal branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Mcb Bhopal branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Mcb Bhopal

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 Mcb Bhopal 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 Mcb Bhopal branch. MICR code for Mcb Bhopal 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 Mcb Bhopal is presented in the table alongside.

Use of Canara Bank MICR code for Mcb Bhopal branch in bhopal

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