Canara Bank Panchkula Panchkula Haryana MICR CODE

Find MICR Codes for Canara Bank Panchkula Panchkula Haryana

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MICR Code	160015053
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 Sector
Contact	0
Bank Details	Canara Bank Panchkula Sector CNRB0018202

Location	Panchkula, Panchkula
City	Panchkula
District	Panchkula
State	Haryana
Pincode	134109
Country	IN
Address	Moti ram arya modern public school sector 7 panchkula panchkula haryana 134 109

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 160015053 for Panchkula Sector 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 160015053 of Canara Bank, Panchkula Sector branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Panchkula Sector 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 Sector

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 Sector 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. 160015053 is the MICR code of Canara Bank for Panchkula Sector branch. MICR code for Panchkula Sector 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 Sector is presented in the table alongside.

Use of Canara Bank MICR code for Panchkula Sector branch in panchkula

The MICR code 160015053 is used in RBI cheque clearing process to identify the branch Panchkula Sector 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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