Canara Bank Parbhani Parbhani Maharashtra MICR CODE

Find MICR Codes for Canara Bank Parbhani Parbhani Maharashtra

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MICR Code	431015203
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Parbhani Ii
Contact	0
Bank Details	Canara Bank Parbhani Ii CNRB0015310

Location	Parbhani, Parbhani
City	Parbhani
District	Parbhani
State	Maharashtra
Pincode	431601
Country	IN
Address	C by o nanded branch guru govind singh market nanded 431601 maharashtra

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 431015203 for Parbhani 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 431015203 of Canara Bank, Parbhani Ii branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Parbhani 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 -

>>Parbhani >>Parbhani Ii

MICR code for Canara Bank Parbhani 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 Parbhani 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. 431015203 is the MICR code of Canara Bank for Parbhani Ii branch. MICR code for Parbhani 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 Parbhani Ii is presented in the table alongside.

Use of Canara Bank MICR code for Parbhani Ii branch in parbhani

The MICR code 431015203 is used in RBI cheque clearing process to identify the branch Parbhani 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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