Canara Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Canara Bank Indore Indore Madhya Pradesh

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MICR Code	452015002
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Palesia Point Indore
Contact	0731-2491533
Bank Details	Canara Bank Palesia Point Indore CNRB0002074

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode	452001
Country	IN
Address	Palasia point, , 19/1a, manoramaganj, , indore 452001

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 452015002 for Palesia Point Indore 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 452015002 of Canara Bank, Palesia Point Indore branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Palesia Point Indore branch, makes the characters readable even if there are other marks and stamps on it.

A total of 33 branches of Canara Bank are available with micr code -

>>Indore >>Indore Airport Road >>Indore Annapoorna >>Indore Circle Office >>Indore Dewas Naka >>Indore Digital Banking Candi >>Indore Goyal Nagar >>Indore Kannadia Road >>Indore Keshar Bagh Road >>Indore Khajrana Ii >>Indore Khandwa Road >>Indore Lig Colony >>Indore M G Road (Main) >>Indore Mr Ten >>Indore Nanda Nagar >>Indore Naulakha >>Indore Nenawar Road >>Indore R O >>Khajarana Road Savings Br >>Lpc Indore >>Manvi Nagar Indore >>Misrood >>Msme Sulabh >>Palesia Point Indore >>Radhika Palace Colony Indore >>Rah Indore >>Rajendra Nagar Indore >>Siyaganj Indore >>Specialised Mid Corporate Branch Indore >>Specialised Mid Corporate Branch Indore Chandranagar >>Specialised Sme Branch Indore Rajwada Chowk Main >>Ssi Indore >>Vijayanagar 54 Scheme

MICR code for Canara Bank Palesia Point Indore

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 Palesia Point Indore 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. 452015002 is the MICR code of Canara Bank for Palesia Point Indore branch. MICR code for Palesia Point Indore 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 Palesia Point Indore is presented in the table alongside.

Use of Canara Bank MICR code for Palesia Point Indore branch in indore

The MICR code 452015002 is used in RBI cheque clearing process to identify the branch Palesia Point Indore 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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