Canara Bank Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Canara Bank Chandigarh Chandigarh Chandigarh

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Specialised Asset Recvry Mgmt Chandigarh
Contact 172 2604260
Bank Details Canara Bank Specialised Asset Recvry Mgmt Chandigarh CNRB0005220
Location Chandigarh, Chandigarh
City Chandigarh
District Chandigarh
State Chandigarh
Pincode 160022
Country IN
Address Canara bank,4th floor,circle office building,plot no 1,sector 34 a,chandigarh,chandigarh pin 160022
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 Specialised Asset Recvry Mgmt Chandigarh 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, Specialised Asset Recvry Mgmt Chandigarh branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Specialised Asset Recvry Mgmt Chandigarh branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Specialised Asset Recvry Mgmt Chandigarh

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 Specialised Asset Recvry Mgmt Chandigarh 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 Specialised Asset Recvry Mgmt Chandigarh branch. MICR code for Specialised Asset Recvry Mgmt Chandigarh 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 Specialised Asset Recvry Mgmt Chandigarh is presented in the table alongside.

Use of Canara Bank MICR code for Specialised Asset Recvry Mgmt Chandigarh branch in chandigarh

The MICR code 0 is used in RBI cheque clearing process to identify the branch Specialised Asset Recvry Mgmt Chandigarh 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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