Canara Bank Panchkula Panchkula Haryana MICR CODE

Find MICR Codes for Canara Bank Panchkula Panchkula Haryana

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MICR Code	160015050
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Panchkula Housing Complex
Contact	0
Bank Details	Canara Bank Panchkula Housing Complex CNRB0018201

Location	Panchkula, Panchkula
City	Panchkula
District	Panchkula
State	Haryana
Pincode
Country	IN
Address	Sco 27 sector 11 panchkula

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 160015050 for Panchkula Housing Complex 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 160015050 of Canara Bank, Panchkula Housing Complex branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Panchkula Housing Complex branch, makes the characters readable even if there are other marks and stamps on it.

A total of 13 branches of Canara Bank are available with micr code -

>>Bel Panchkula >>Panchakula Sec 4 >>Panchkula >>Panchkula Housing Complex >>Panchkula Mansa Devi Sec Five >>Panchkula Mcb >>Panchkula Sec >>Panchkula Sec 25 >>Panchkula Sector >>Panchkula Sector Twenty One >>Panchkula Ssi Branch >>Rah Panchkula >>Sector 20 Panchkula

MICR code for Canara Bank Panchkula Housing Complex

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 Panchkula Housing Complex 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. 160015050 is the MICR code of Canara Bank for Panchkula Housing Complex branch. MICR code for Panchkula Housing Complex 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 Panchkula Housing Complex is presented in the table alongside.

Use of Canara Bank MICR code for Panchkula Housing Complex branch in panchkula

The MICR code 160015050 is used in RBI cheque clearing process to identify the branch Panchkula Housing Complex 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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