Canara Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Canara Bank Indore Indore Madhya Pradesh

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Misrood
Contact Cb5082@canarabank.Com
Bank Details Canara Bank Misrood CNRB0005082
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 462026
Country IN
Address Main road, near police station, misrod, bhopal-462026
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 Misrood 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, Misrood branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Misrood branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Misrood

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

Use of Canara Bank MICR code for Misrood branch in indore

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