Canara Bank Bhilainagar Durg Chhattisgarh MICR CODE

Find MICR Codes for Canara Bank Bhilainagar Durg Chhattisgarh

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MICR Code	490015003
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Smritinagar Bhilai
Contact	0788-2392340
Bank Details	Canara Bank Smritinagar Bhilai CNRB0001973

Location	Bhilainagar, Durg
City	Bhilainagar
District	Durg
State	Chhattisgarh
Pincode	490020
Country	IN
Address	169-a, street no. 30,, smrithi nagar, bhilai 490020

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 490015003 for Smritinagar Bhilai 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 490015003 of Canara Bank, Smritinagar Bhilai branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Smritinagar Bhilai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Canara Bank are available with micr code -

>>Bhilai >>Bhilai Risali >>Bhilai Vaishali Nagar >>Sme Branch Bhilai >>Smritinagar Bhilai

MICR code for Canara Bank Smritinagar Bhilai

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 Smritinagar Bhilai 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. 490015003 is the MICR code of Canara Bank for Smritinagar Bhilai branch. MICR code for Smritinagar Bhilai 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 Smritinagar Bhilai is presented in the table alongside.

Use of Canara Bank MICR code for Smritinagar Bhilai branch in bhilainagar

The MICR code 490015003 is used in RBI cheque clearing process to identify the branch Smritinagar Bhilai 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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