Canara Bank Raigad Nagaon Maharashtra MICR CODE

Find MICR Codes for Canara Bank Raigad Nagaon Maharashtra

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nagaon
Contact 0
Bank Details Canara Bank Nagaon CNRB0015487
Location Raigad, Nagaon
City Raigad
District Nagaon
State Maharashtra
Pincode 400702
Country IN
Address 863 madan ali taluka uran raigad dist nagaon 400702
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 400015506 for Nagaon 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 400015506 of Canara Bank, Nagaon branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Nagaon branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Canara Bank are available with micr code -

>>Nagaon

MICR code for Canara Bank Nagaon

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 Nagaon 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. 400015506 is the MICR code of Canara Bank for Nagaon branch. MICR code for Nagaon 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 Nagaon is presented in the table alongside.

Use of Canara Bank MICR code for Nagaon branch in raigad

The MICR code 400015506 is used in RBI cheque clearing process to identify the branch Nagaon 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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