Canara Bank Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for Canara Bank Madurai Madurai Tamil Nadu

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ponmeni Madurai
Contact
Bank Details Canara Bank Ponmeni Madurai CNRB0016207
Location Madurai, Madurai
City Madurai
District Madurai
State Tamil Nadu
Pincode
Country IN
Address O30rakeshtowersbyepassroad
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 625015137 for Ponmeni Madurai 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 625015137 of Canara Bank, Ponmeni Madurai branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Ponmeni Madurai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Ponmeni Madurai

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 Ponmeni Madurai 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. 625015137 is the MICR code of Canara Bank for Ponmeni Madurai branch. MICR code for Ponmeni Madurai 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 Ponmeni Madurai is presented in the table alongside.

Use of Canara Bank MICR code for Ponmeni Madurai branch in madurai

The MICR code 625015137 is used in RBI cheque clearing process to identify the branch Ponmeni Madurai 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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