Canara Bank Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Canara Bank Chandigarh Chandigarh Chandigarh

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Regional Office Panchkula
Contact 172-2738145
Bank Details Canara Bank Regional Office Panchkula CNRB0006979
Location Chandigarh, Chandigarh
City Chandigarh
District Chandigarh
State Chandigarh
Pincode
Country IN
Address Sco 904,first floor,nac manimajra,chandigarh
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 0 for Regional Office Panchkula 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 0 of Canara Bank, Regional Office Panchkula branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Regional Office Panchkula branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Regional Office Panchkula

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 Regional Office Panchkula 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. 0 is the MICR code of Canara Bank for Regional Office Panchkula branch. MICR code for Regional Office Panchkula 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 Regional Office Panchkula is presented in the table alongside.

Use of Canara Bank MICR code for Regional Office Panchkula branch in chandigarh

The MICR code 0 is used in RBI cheque clearing process to identify the branch Regional Office Panchkula 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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