Canara Bank Ranchi Ranchi Jharkhand MICR CODE

Find MICR Codes for Canara Bank Ranchi Ranchi Jharkhand

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ranchi Ii
Contact 0
Bank Details Canara Bank Ranchi Ii CNRB0017520
Location Ranchi, Ranchi
City Ranchi
District Ranchi
State Jharkhand
Pincode 834001
Country IN
Address I st floor rani sati market lalji hirji road ranchi ranchi 834 001
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 834015020 for Ranchi Ii 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 834015020 of Canara Bank, Ranchi Ii branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Ranchi Ii branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Ranchi Ii

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 Ranchi Ii 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. 834015020 is the MICR code of Canara Bank for Ranchi Ii branch. MICR code for Ranchi Ii 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 Ranchi Ii is presented in the table alongside.

Use of Canara Bank MICR code for Ranchi Ii branch in ranchi

The MICR code 834015020 is used in RBI cheque clearing process to identify the branch Ranchi Ii 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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