Canara Bank Simga Raipur Chandigarh MICR CODE

Find MICR Codes for Canara Bank Simga Raipur Chandigarh

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MICR Code	493015506
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Simga
Contact	274455
Bank Details	Canara Bank Simga CNRB0005144

Location	Simga, Raipur
City	Simga
District	Raipur
State	Chandigarh
Pincode	160014
Country	IN
Address	Ward no 05, infront of saropi talab, bilaspur road dist. Baloda bazar, simga

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 493015506 for Simga 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 493015506 of Canara Bank, Simga branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Simga 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 -

>>Simga

MICR code for Canara Bank Simga

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 Simga 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. 493015506 is the MICR code of Canara Bank for Simga branch. MICR code for Simga 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 Simga is presented in the table alongside.

Use of Canara Bank MICR code for Simga branch in simga

The MICR code 493015506 is used in RBI cheque clearing process to identify the branch Simga 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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