Canara Bank Bhopal Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for Canara Bank Bhopal Bhopal Madhya Pradesh

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MICR Code	462015047
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ratibad
Contact	0
Bank Details	Canara Bank Ratibad CNRB0017753

Location	Bhopal, Bhopal
City	Bhopal
District	Bhopal
State	Madhya Pradesh
Pincode	462044
Country	IN
Address	Village ratibad vikas khand phanda tehsil huzur dist bhopal bhopal madhya pradesh india 462044

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 462015047 for Ratibad 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 462015047 of Canara Bank, Ratibad branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Ratibad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 50 branches of Canara Bank are available with micr code -

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MICR code for Canara Bank Ratibad

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 Ratibad 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. 462015047 is the MICR code of Canara Bank for Ratibad branch. MICR code for Ratibad 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 Ratibad is presented in the table alongside.

Use of Canara Bank MICR code for Ratibad branch in bhopal

The MICR code 462015047 is used in RBI cheque clearing process to identify the branch Ratibad 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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