Canara Bank Coimbatore Coimbotore Tamil Nadu MICR CODE

Find MICR Codes for Canara Bank Coimbatore Coimbotore Tamil Nadu

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Peelamedu Coimbatore
Contact 4222591585
Bank Details Canara Bank Peelamedu Coimbatore CNRB0002732
Location Coimbatore, Coimbotore
City Coimbatore
District Coimbotore
State Tamil Nadu
Pincode 641003
Country IN
Address 320/b, pvg towers, avanashi road, coimbatore,
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 641015019 for Peelamedu Coimbatore 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 641015019 of Canara Bank, Peelamedu Coimbatore branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Peelamedu Coimbatore branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Peelamedu Coimbatore

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 Peelamedu Coimbatore 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. 641015019 is the MICR code of Canara Bank for Peelamedu Coimbatore branch. MICR code for Peelamedu Coimbatore 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 Peelamedu Coimbatore is presented in the table alongside.

Use of Canara Bank MICR code for Peelamedu Coimbatore branch in coimbatore

The MICR code 641015019 is used in RBI cheque clearing process to identify the branch Peelamedu Coimbatore 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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