Canara Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Canara Bank Mumbai Greater Bombay Maharashtra

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rahatoli
Contact Cb5288@canarabank.Com
Bank Details Canara Bank Rahatoli CNRB0005288
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 421503
Country IN
Address Gr.fl.,prasanna niwas,at rahatoli post badlapur taluka ambernath  dist thane pin 421503 maharashtra
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 400015169 for Rahatoli 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 400015169 of Canara Bank, Rahatoli branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Rahatoli branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Rahatoli

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 Rahatoli 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. 400015169 is the MICR code of Canara Bank for Rahatoli branch. MICR code for Rahatoli 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 Rahatoli is presented in the table alongside.

Use of Canara Bank MICR code for Rahatoli branch in mumbai

The MICR code 400015169 is used in RBI cheque clearing process to identify the branch Rahatoli 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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