Canara Bank Nagpur Savner Maharashtra MICR CODE

Find MICR Codes for Canara Bank Nagpur Savner Maharashtra

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Savner
Contact 0
Bank Details Canara Bank Savner CNRB0007612
Location Nagpur, Savner
City Nagpur
District Savner
State Maharashtra
Pincode 441107
Country IN
Address Plot no 507,ward no 03,savner main road,nagpur dist,maharashtra 441107
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 Savner 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, Savner branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Savner 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 -

>>Savner

MICR code for Canara Bank Savner

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 Savner 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 Savner branch. MICR code for Savner 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 Savner is presented in the table alongside.

Use of Canara Bank MICR code for Savner branch in nagpur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Savner 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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