Canara Bank Khagaria Khagaria Bihar MICR CODE

Find MICR Codes for Canara Bank Khagaria Khagaria Bihar

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MICR Code	851015501
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Olapur Gangaur
Contact	2320843
Bank Details	Canara Bank Olapur Gangaur CNRB0003120

Location	Khagaria, Khagaria
City	Khagaria
District	Khagaria
State	Bihar
Pincode	851204
Country	IN
Address	Ward number14, olapur gangaur, distkhagaria, pin851204

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 851015501 for Olapur Gangaur 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 851015501 of Canara Bank, Olapur Gangaur branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Olapur Gangaur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Canara Bank are available with micr code -

>>Khagaria >>Olapur Gangaur

MICR code for Canara Bank Olapur Gangaur

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 Olapur Gangaur 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. 851015501 is the MICR code of Canara Bank for Olapur Gangaur branch. MICR code for Olapur Gangaur 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 Olapur Gangaur is presented in the table alongside.

Use of Canara Bank MICR code for Olapur Gangaur branch in khagaria

The MICR code 851015501 is used in RBI cheque clearing process to identify the branch Olapur Gangaur 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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