Canara Bank Neemuch Neemuch Madhya Pradesh MICR CODE

Find MICR Codes for Canara Bank Neemuch Neemuch Madhya Pradesh

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MICR Code	458015052
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Panna Ii
Contact	0
Bank Details	Canara Bank Panna Ii CNRB0017842

Location	Neemuch, Neemuch
City	Neemuch
District	Neemuch
State	Madhya Pradesh
Pincode	458441
Country	IN
Address	6 vikas nagar ambedkar road neemuch mahdya pradesh 458441

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 458015052 for Panna Ii 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 458015052 of Canara Bank, Panna Ii branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Panna Ii 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 -

>>Neemuch Dist Hq >>Panna Ii

MICR code for Canara Bank Panna Ii

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 Panna Ii 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. 458015052 is the MICR code of Canara Bank for Panna Ii branch. MICR code for Panna Ii 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 Panna Ii is presented in the table alongside.

Use of Canara Bank MICR code for Panna Ii branch in neemuch

The MICR code 458015052 is used in RBI cheque clearing process to identify the branch Panna Ii 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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