|
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 of Canara Bank, branch makes the system almost error free and faster. Use of Canara Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.
>>Alwar Road Gurgaon >>Dlf City Gurgaon >>Dlf Gurgaon >>Gurgaon Air Force Transmitting Station >>Gurgaon Basai >>Gurgaon Cantonment >>Gurgaon Circle Office >>Gurgaon Dhanwapur >>Gurgaon Kataria Market >>Gurgaon New Palam Vihar >>Gurgaon Old Railway Road Main >>Gurgaon R O >>Gurgaon Rajender Park >>Gurgaon Rstc >>Gurgaon Sector >>Gurgaon Sector 51 >>Gurgaon Sector Five >>Gurgaon Sun City >>Gurgaon The Northcap University Old Name Institute Of Technology And Management Gurgaon >>Hayatpur >>Large Corporate Branch Gurgaon >>Mid Corporate Branch Gurgaon >>Nathupur >>Palam Vihar Gurgaon >>Pundrak >>Rah Gurgaon Sukhrali >>Rah Sukhrali >>Retail Asset Hub Gurgaon >>Sector 10A Gurgaon >>Sme Sulabh Gurgaon >>Specialised Sme Branch Gurgaon Ii
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 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. is the MICR code of Canara Bank for branch. MICR code for 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 is presented in the table alongside.
The MICR code is used in RBI cheque clearing process to identify the branch 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.