Canara Bank Fazilka Ferozpur Punjab MICR CODE

Find MICR Codes for Canara Bank Fazilka Ferozpur Punjab

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MICR Code	152015153
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Muthianwali
Contact	2604260
Bank Details	Canara Bank Muthianwali CNRB0005383

Location	Fazilka, Ferozpur
City	Fazilka
District	Ferozpur
State	Punjab
Pincode	152001
Country	IN
Address	Village muthianwali distt fazilka muthianwali punjab 123

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 152015153 for Muthianwali 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 152015153 of Canara Bank, Muthianwali branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Muthianwali 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 -

>>Hasta Kalan >>Muthianwali

MICR code for Canara Bank Muthianwali

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 Muthianwali 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. 152015153 is the MICR code of Canara Bank for Muthianwali branch. MICR code for Muthianwali 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 Muthianwali is presented in the table alongside.

Use of Canara Bank MICR code for Muthianwali branch in fazilka

The MICR code 152015153 is used in RBI cheque clearing process to identify the branch Muthianwali 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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