Canara Bank Cuttack Cuttack Orissa MICR CODE

Find MICR Codes for Canara Bank Cuttack Cuttack Orissa

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Naya Bazar Cuttack
Contact 0674 2396842
Bank Details Canara Bank Naya Bazar Cuttack CNRB0004919
Location Cuttack, Cuttack
City Cuttack
District Cuttack
State Orissa
Pincode 753004
Country IN
Address Utkal flour mill, at-po-: naya bazar chhaka, cuttack -753004
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 Naya Bazar Cuttack 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, Naya Bazar Cuttack branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Naya Bazar Cuttack branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Naya Bazar Cuttack

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 Naya Bazar Cuttack 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 Naya Bazar Cuttack branch. MICR code for Naya Bazar Cuttack 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 Naya Bazar Cuttack is presented in the table alongside.

Use of Canara Bank MICR code for Naya Bazar Cuttack branch in cuttack

The MICR code 0 is used in RBI cheque clearing process to identify the branch Naya Bazar Cuttack 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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