Canara Bank Medak Satwar Telangana MICR CODE

Find MICR Codes for Canara Bank Medak Satwar Telangana

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MICR Code	502015012
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Satwar
Contact	0
Bank Details	Canara Bank Satwar CNRB0013411

Location	Medak, Satwar
City	Medak
District	Satwar
State	Telangana
Pincode	502221
Country	IN
Address	Plot no 21 sy no 470 by a mandal zaheerabad pin 502221

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 502015012 for Satwar 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 502015012 of Canara Bank, Satwar branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Satwar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Canara Bank are available with micr code -

>>Satwar

MICR code for Canara Bank Satwar

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 Satwar 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. 502015012 is the MICR code of Canara Bank for Satwar branch. MICR code for Satwar 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 Satwar is presented in the table alongside.

Use of Canara Bank MICR code for Satwar branch in medak

The MICR code 502015012 is used in RBI cheque clearing process to identify the branch Satwar 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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