Canara Bank Visakhapatnam Vishakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Canara Bank Visakhapatnam Vishakhapatnam Andhra Pradesh

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sme Hub Visakhapatnam
Contact 0891-2547921
Bank Details Canara Bank Sme Hub Visakhapatnam CNRB0003491
Location Visakhapatnam, Vishakhapatnam
City Visakhapatnam
District Vishakhapatnam
State Andhra Pradesh
Pincode 530027
Country IN
Address Canara bank, sme hub, circle office, padmavathy towers, balajinagar, siripuram, visakhapatnam, andhra 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 Sme Hub Visakhapatnam 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, Sme Hub Visakhapatnam branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Sme Hub Visakhapatnam branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Sme Hub Visakhapatnam

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 Sme Hub Visakhapatnam 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 Sme Hub Visakhapatnam branch. MICR code for Sme Hub Visakhapatnam 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 Sme Hub Visakhapatnam is presented in the table alongside.

Use of Canara Bank MICR code for Sme Hub Visakhapatnam branch in visakhapatnam

The MICR code 0 is used in RBI cheque clearing process to identify the branch Sme Hub Visakhapatnam 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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