Canara Bank Raipur Raipur Chhattisgarh MICR CODE

Find MICR Codes for Canara Bank Raipur Raipur Chhattisgarh

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Raipur Rajivnagar
Contact 0
Bank Details Canara Bank Raipur Rajivnagar CNRB0017856
Location Raipur, Raipur
City Raipur
District Raipur
State Chhattisgarh
Pincode 492004
Country IN
Address 23 by 1912 vidhan sabha marg near avantibai chowk pandri raipur raipur chattisgarh 492 004
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 492015023 for Raipur Rajivnagar 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 492015023 of Canara Bank, Raipur Rajivnagar branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Raipur Rajivnagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Raipur Rajivnagar

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 Raipur Rajivnagar 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. 492015023 is the MICR code of Canara Bank for Raipur Rajivnagar branch. MICR code for Raipur Rajivnagar 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 Raipur Rajivnagar is presented in the table alongside.

Use of Canara Bank MICR code for Raipur Rajivnagar branch in raipur

The MICR code 492015023 is used in RBI cheque clearing process to identify the branch Raipur Rajivnagar 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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