Canara Bank Sas Nagar(Mohali) Rupnagar Punjab MICR CODE

Find MICR Codes for Canara Bank Sas Nagar(Mohali) Rupnagar Punjab

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MICR Code	160015014
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mohali Phase Vii
Contact	0172-2267706
Bank Details	Canara Bank Mohali Phase Vii CNRB0002535

Location	Sas Nagar(Mohali), Rupnagar
City	Sas Nagar(Mohali)
District	Rupnagar
State	Punjab
Pincode	160061
Country	IN
Address	Mohali phase vii, scf 47, phase 7,, mohali (s a s nagar), punjab-roopnagar 160061

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 160015014 for Mohali Phase Vii 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 160015014 of Canara Bank, Mohali Phase Vii branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Mohali Phase Vii branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Canara Bank are available with micr code -

>>Mohali Iiser Campus >>Mohali Industrail Area Chandigarh >>Mohali Phase 10 >>Mohali Phase Vii >>Mohali Ssi Branch

MICR code for Canara Bank Mohali Phase Vii

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 Mohali Phase Vii 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. 160015014 is the MICR code of Canara Bank for Mohali Phase Vii branch. MICR code for Mohali Phase Vii 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 Mohali Phase Vii is presented in the table alongside.

Use of Canara Bank MICR code for Mohali Phase Vii branch in sas nagar(mohali)

The MICR code 160015014 is used in RBI cheque clearing process to identify the branch Mohali Phase Vii 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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