Canara Bank Nizamabad Peddakodapagal Telangana MICR CODE

Find MICR Codes for Canara Bank Nizamabad Peddakodapagal Telangana

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MICR Code	503015020
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Peddakodapagal
Contact	0
Bank Details	Canara Bank Peddakodapagal CNRB0013527

Location	Nizamabad, Peddakodapagal
City	Nizamabad
District	Peddakodapagal
State	Telangana
Pincode	503310
Country	IN
Address	1 146a main roadpeddakodapagalvia pitlambichkunda mandalpin 503 310

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 503015020 for Peddakodapagal 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 503015020 of Canara Bank, Peddakodapagal branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Peddakodapagal 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 -

>>Peddakodapagal

MICR code for Canara Bank Peddakodapagal

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 Peddakodapagal 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. 503015020 is the MICR code of Canara Bank for Peddakodapagal branch. MICR code for Peddakodapagal 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 Peddakodapagal is presented in the table alongside.

Use of Canara Bank MICR code for Peddakodapagal branch in nizamabad

The MICR code 503015020 is used in RBI cheque clearing process to identify the branch Peddakodapagal 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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