Canara Bank Bhopal Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for Canara Bank Bhopal Bhopal Madhya Pradesh

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Neelbud
Contact Cb4318@canarabank.Com
Bank Details Canara Bank Neelbud CNRB0004318
Location Bhopal, Bhopal
City Bhopal
District Bhopal
State Madhya Pradesh
Pincode 462044
Country IN
Address Brij dham, main road, neelbad village, huzur tehsil, bhopal dist : 462044
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 462015020 for Neelbud 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 462015020 of Canara Bank, Neelbud branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Neelbud branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Neelbud

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 Neelbud 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. 462015020 is the MICR code of Canara Bank for Neelbud branch. MICR code for Neelbud 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 Neelbud is presented in the table alongside.

Use of Canara Bank MICR code for Neelbud branch in bhopal

The MICR code 462015020 is used in RBI cheque clearing process to identify the branch Neelbud 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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