Canara Bank Nizamabad Pangra Telangana MICR CODE

Find MICR Codes for Canara Bank Nizamabad Pangra Telangana

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nizamabad Pangra
Contact 0
Bank Details Canara Bank Nizamabad Pangra CNRB0013540
Location Nizamabad, Pangra
City Nizamabad
District Pangra
State Telangana
Pincode 503003
Country IN
Address 21 22 first floor adj to uppala mallaiah petrol pump vinayak nagar pangra andhra pradesh 503003
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 503015005 for Nizamabad Pangra 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 503015005 of Canara Bank, Nizamabad Pangra branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Nizamabad Pangra 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 -

>>Nizamabad Pangra

MICR code for Canara Bank Nizamabad Pangra

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 Nizamabad Pangra 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. 503015005 is the MICR code of Canara Bank for Nizamabad Pangra branch. MICR code for Nizamabad Pangra 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 Nizamabad Pangra is presented in the table alongside.

Use of Canara Bank MICR code for Nizamabad Pangra branch in nizamabad

The MICR code 503015005 is used in RBI cheque clearing process to identify the branch Nizamabad Pangra 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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