Canara Bank Calicut Kozhikode Kerala MICR CODE

Find MICR Codes for Canara Bank Calicut Kozhikode Kerala

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Payyanakkal
Contact 9946920259
Bank Details Canara Bank Payyanakkal CNRB0005968
Location Calicut, Kozhikode
City Calicut
District Kozhikode
State Kerala
Pincode 673003
Country IN
Address Canara bank bldg no 21 1760 h5h4 bk rarichan complx kallai po payyankkal calicut payyankkal kerala 673003
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 673015025 for Payyanakkal 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 673015025 of Canara Bank, Payyanakkal branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Payyanakkal branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Payyanakkal

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 Payyanakkal 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. 673015025 is the MICR code of Canara Bank for Payyanakkal branch. MICR code for Payyanakkal 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 Payyanakkal is presented in the table alongside.

Use of Canara Bank MICR code for Payyanakkal branch in calicut

The MICR code 673015025 is used in RBI cheque clearing process to identify the branch Payyanakkal 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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