Canara Bank Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for Canara Bank Nagpur Nagpur Maharashtra

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nagpur Cgo Complex
Contact 9028492000
Bank Details Canara Bank Nagpur Cgo Complex CNRB0006070
Location Nagpur, Nagpur
City Nagpur
District Nagpur
State Maharashtra
Pincode 440006
Country IN
Address Canara bank c block ground floor east wing cgo complex seminary hills nagpur maharashtra 440006
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 Nagpur Cgo Complex 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, Nagpur Cgo Complex branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Nagpur Cgo Complex branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Nagpur Cgo Complex

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 Nagpur Cgo Complex 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 Nagpur Cgo Complex branch. MICR code for Nagpur Cgo Complex 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 Nagpur Cgo Complex is presented in the table alongside.

Use of Canara Bank MICR code for Nagpur Cgo Complex branch in nagpur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Nagpur Cgo Complex 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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