Canara Bank Palamu Paduma Jharkhand MICR CODE

Find MICR Codes for Canara Bank Palamu Paduma Jharkhand

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MICR Code	-NA-
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Paduma
Contact	0
Bank Details	Canara Bank Paduma CNRB0007357

Location	Palamu, Paduma
City	Palamu
District	Paduma
State	Jharkhand
Pincode	822113
Country	IN
Address	Paduma village po palamu dist jharkhand 822113

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 Paduma 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, Paduma branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Paduma 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 -

>>Paduma

MICR code for Canara Bank Paduma

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 Paduma 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 Paduma branch. MICR code for Paduma 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 Paduma is presented in the table alongside.

Use of Canara Bank MICR code for Paduma branch in palamu

The MICR code 0 is used in RBI cheque clearing process to identify the branch Paduma 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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