Canara Bank Sagar Sagar Madhya Pradesh MICR CODE

Find MICR Codes for Canara Bank Sagar Sagar Madhya Pradesh

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MICR Code	-NA-
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Retail Assets Hub Sagar
Contact	758-2244422
Bank Details	Canara Bank Retail Assets Hub Sagar CNRB0007045

Location	Sagar, Sagar
City	Sagar
District	Sagar
State	Madhya Pradesh
Pincode	470002
Country	IN
Address	Behind jama masjid katara bazar sagar 470002 madhya pradesh

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

A total of 4 branches of Canara Bank are available with micr code -

>>Maihar Ii >>Makronia Bujurga >>Retail Assets Hub Sagar >>Sagar (Sagar Dist)

MICR code for Canara Bank Retail Assets Hub Sagar

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 Retail Assets Hub Sagar 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 Retail Assets Hub Sagar branch. MICR code for Retail Assets Hub Sagar 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 Retail Assets Hub Sagar is presented in the table alongside.

Use of Canara Bank MICR code for Retail Assets Hub Sagar branch in sagar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Retail Assets Hub Sagar 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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