Canara Bank Cannur Payyoli Kerala MICR CODE

Find MICR Codes for Canara Bank Cannur Payyoli Kerala

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Payyoli Ii
Contact 0
Bank Details Canara Bank Payyoli Ii CNRB0014409
Location Cannur, Payyoli
City Cannur
District Payyoli
State Kerala
Pincode 673522
Country IN
Address 12 by 4111 main road near bus stand kozhikode dist payyoli kerala 673522 india
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 673015917 for Payyoli 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 673015917 of Canara Bank, Payyoli Ii branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Payyoli Ii branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Canara Bank are available with micr code -

>>Payyoli Ii

MICR code for Canara Bank Payyoli 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 Payyoli 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. 673015917 is the MICR code of Canara Bank for Payyoli Ii branch. MICR code for Payyoli 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 Payyoli Ii is presented in the table alongside.

Use of Canara Bank MICR code for Payyoli Ii branch in cannur

The MICR code 673015917 is used in RBI cheque clearing process to identify the branch Payyoli 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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