Canara Bank Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for Canara Bank Nagpur Nagpur Maharashtra

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Somalwada Nagpur
Contact 9495941561
Bank Details Canara Bank Somalwada Nagpur CNRB0005991
Location Nagpur, Nagpur
City Nagpur
District Nagpur
State Maharashtra
Pincode 440025
Country IN
Address Canara bank 4 7 ujwal nagar somalwada wardha road nagpur maharashtra 123
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 Somalwada Nagpur 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, Somalwada Nagpur branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Somalwada Nagpur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Somalwada Nagpur

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 Somalwada Nagpur 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 Somalwada Nagpur branch. MICR code for Somalwada Nagpur 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 Somalwada Nagpur is presented in the table alongside.

Use of Canara Bank MICR code for Somalwada Nagpur branch in nagpur

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